Sell | Put And Buy Call Strategy

: You have unlimited upside but also face "uncapped" downside risk identical to owning the stock. Risk Reversal (Different Strikes) :

: Risk Reversal - Options Math for Traders details how this variation exploits "skew" (the price difference between puts and calls) to potentially enter trades for a net credit. Strategic Overview Synthetic Long Stock (Same Strike) : sell put and buy call strategy

: Replicate 100 shares of stock performance with minimal upfront cost. : You have unlimited upside but also face

: Synthetic Long Stock and Option Trading: Evidence from Stock Splits examines how capital-constrained traders use this strategy to maintain market exposure. sell put and buy call strategy