Synthetic Friday
originally coined on the chicago board options exchange, a synthetic friday occurs on a thursday preceding a friday in which the market is closed. since there is no work on friday, thursday essentially becomes like a friday. the word synthetic is used and derived from an option strategy called a synthetic long stock, in which a trader buys a call and shorts a put, each with the same strike price (there are different variations of this strategy/trade.)
market maker a: “the market is closed tomorrow since it is good friday.”
market maker b: “nice, today’s a synthetic friday.”
market maker a: “let’s get bombed.”
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