[my xls is here [ Ссылка ]] These are simple portfolios of two positions: an option + the underlying stock. 1) A protective put is long put + long stock and has a profit profile similar to a long call; 2) its counterparty is short put + short stock and has a profit profile similar to a short call. 3) a covered call is long stock + short call and has a profit profile similar to a short put; 4) its counterparty is short stock + long call and has a profit profile similar to a long put. Discuss this video here in our FRM forum: [ Ссылка ].
