1. Is it possible/allowed to have a collar with same strike price? Occasionally, I've noticed some options with calls being more expensive than puts. Example: XYZ trading at 50.35; Buy 100 shares, Buy 1 Put, and Sell 1 covered call; earn .50 credit. XYZ 50 Put 1.50 XYX 50 Call 2.00 If stock below 50 at expiration, exercise the put; profit= +2.00 -1.50 -.35 (loss on stock) = .15 If stock is above 50, stock is called at away and sold at 50, profit = profit= +2.00 -1.50 -.35 (loss on stock) = .15 Am I missing something here? 2. How would you find stocks with call options selling for more than puts?