Buffer ETFs charge fees to do something you can build yourself with two simple options structures. Liz and Jenny break down exactly how. The core of a buffer trade is a long put spread for downside protection, funded by a covered call or its synthetic equivalent. The width of the put spread determines how much cushion you get. The call credit pays for it. Liz walks through a live setup on GLD with gold down on the day, showing both a short-term weekly version and a 45-day version — and explains why the shorter-term setup lets you add a cheap protective wing that the longer-dated version simply doesn't allow. If you know how to use synthetics, this is a more capital-efficient way to get the same exposure a buffer ETF offers. No wrapper, no fees, full control over your strikes. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on...