Selling a call and buying a put while holding underlying shares

[Mapsolut]

Is there any risk in selling a call and buying a put with the same strike while holding the underlying shares?

For example: lets say I bought 100 spy stocks for 443.37$ each and then sold a 443$ strike call for 8.15$ in expiration date Oct 20. I also bought a 443$ put for 5.29$ in expatriation date Oct 20.

Is there a scenario where i lose money in the above example?

Thanks