Zoho Sheet


Contant Inputs (For Modeling purposes, Stock Price is Constant for all Strategies, but Strike Price Varies)
Stock		20
Volatility		20%
Riskless rate		4%

						Future Stock Price
Stock		Price	Long			$15	$16	$17	$18	$19	$20	$21	$22	$23	$24	$25
		20	1			-5	-4	-3	-2	-1	0	1	2	3	4	5

		Strike	Call	Long	Time	Option Payoff (Gross of Premium)
First option		20.82	1	1	1	0	0	0	0	0	0	0.18	1.18	2.18	3.18	4.18

		Strike	Put	Short	Time	Option Payoff (Gross of Premium)
Second option		20.82	0	0	1	-5.82	-4.82	-3.82	-2.82	-1.82	-0.82	0	0	0	0	0

Option Premiums (calculated below)						Net Option Payoffs
	First	($1.59)				($1.59)	($1.59)	($1.59)	($1.59)	($1.59)	($1.59)	($1.41)	($0.41)	$0.59	$1.59	$2.59
	Second	$1.59				($4.22)	($3.22)	($2.22)	($1.22)	($0.22)	$0.78	$1.59	$1.59	$1.59	$1.59	$1.59

Trading Strategies

	Long Call					($1.59)	($1.59)	($1.59)	($1.59)	($1.59)	($1.59)	($1.41)	($0.41)	$0.59	$1.59	$2.59
	Long Put					($4.22)	($3.22)	($2.22)	($1.22)	($0.22)	$0.78	$1.59	$1.59	$1.59	$1.59	$1.59
Strategy Payoff						($5.82)	($4.82)	($3.82)	($2.82)	($1.82)	($0.82)	$0.18	$1.18	$2.18	$3.18	$4.18

Second
	d1	0.10
	d2	(0.10)
	call (c)	$1.59
	put (p)	$1.59
Third
	d1	0.10
	d2	(0.10)
	call (c)	$1.59
	put (p)	$1.59

syntheticForward

synthetic_Call

synthetic_Put