Put-Call Parity Calculator

Build synthetic positions. e.g. synthetic stock = long call + short put (same strike). Useful when direct stock is unavailable or costly.

Only as inequality bounds. American puts can be worth more than European (early exercise value), breaking strict parity.

Transaction costs, short-sale restrictions, borrow costs, dividends, tax differences. Small violations exist but are uneconomical to exploit.

Yes for European options with no dividends. Add dividend PV adjustment: C + PV(K) = P + S - PV(Div).