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Put call parity ka practical roop aur wo kyun kaam mein aata hai
Published by The Retail Trader · AUG 07, 2026 · Derivatives (F&O)
Options ko jodkar aisi position banayi ja sakti hai jo lagbhag futures jaisa behave kare. Isi ko synthetic position kehte hain, aur uske peeche ek simple relationship hai.
Ek call kharidna aur ussi strike ka put bechna milkar lagbhag long futures jaisa payoff deta hai. Ulta karne par short futures jaisa.
Isi rishte ko put call parity kehte hain. Wo bataata hai ki call, put aur underlying ke bhaav aapas mein bandhe hue hain — teenon azaad nahi hain.
Iska istemal aksar mechanical wajahon se hota hai:
• Kabhi options mein liquidity futures se behtar hoti hai.
• Margin ka hisaab dono raaston mein alag baith sakta hai.
• Ek maujooda position ko bina band kiye direction badalne mein kaam aata hai.
• Parity se bahut door bhaav dikhna aksar liquidity ka sanket hai, free money ka nahi.
Synthetic position "chhupi hui arbitrage" ki tarah dikhti hai par wo sirf ek alag raasta hai wahi risk lene ka. Uska payoff futures jaisa hai, iska matlab uska nuksaan bhi futures jaisa hi hai.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.