Long Synthetic Future Calculator

Search a symbol to visualize the potential profit and loss for a long synthetic future option strategy.

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What is a long synthetic future?

BullishUnlimited ProfitLimited Loss

This strategy recreates the risk profile of a long stock position by buying an at-the-money call and selling an at-the-money put. It is usually established as a very small credit or debit, making it a "no cost" alternative to owning a stock and allowing you to have leverage without an up-front cost.

Remember that because this strategy has a short put, it has assignment risk.

AProfitLossStock Price (at expiration)
  • Sell a put at strike A
  • Buy a call at strike A