Synthetic Long Forward

b) Let K be the ATM strike for both calls and puts and let K K

Synthetic Long Forward 25.00 20.00 15.00 10.00 5.00 (s) 0.00 .... mm Purch ATM Call ... ????? Writ ATM Put Synth Fwd (Combined) Profit 20 25 30 40 45 50 55 60 $ . (5.00) (10.00) (15.00) (20.00) (25.00) Synthetic Long Forward 25.00 20.00 15.00 10.00 5.00 (s) 0.00 .... mm Purch ATM Call ... ????? Writ ATM Put Synth Fwd (Combined) Profit 20 25 30 40 45 50 55 60 $ . (5.00) (10.00) (15.00) (20.00) (25.00)