You have effectively sold a put option on REGI. You have some small upside if REGI goes up... but you have substantial downside if REGI goes down. I'm betting REGI goes down over the next 3-4 months. Plus, good luck at getting your distribution of REGI shares... with all the shareholder lawsuits - they will probably need to hold them back and use them to pay the lawyers and ex-shareholders. I'm betting REGI goes down and full shares don't get distributed. I am out of SYNM - good riddance.
if no tax extenders REGI shares take 30% hit, maybe more...probably being priced into SYNM today....the tax extenders crucial. we get another year and SYNM hits $4 - no word on extenders we'll see SYNM bleed down from here. This sector stinks - really does...wish I never came here