Synthetic Put Calculator

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

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What is a synthetic put?

BearishLimited ProfitLimited Loss

A bearish strategy used to replicate the profit potential of a put using a call and shorting the underlying stock. The call will protect the short position from losing too much if the stock moves upwards.

(also known as: Protective Call)
AProfitLossStock Price (at expiration)
  • Short the underlying
  • Buy a call at strike A