公式：
 

 
　　l  Note that the options much be European-style and the puts and calls mush have the same exercise price for these relations to hold.
　　l  Fiduciary call: buy riskless bond that pays X at maturity and a call with exercise price X.
　　l  Protective put: buy security and long put.
　　l  Put-call parity 的作用：
　　ü  為option定價(jià)
　　ü  合成option。
　　ü  無(wú)風(fēng)險(xiǎn)套利。在無(wú)風(fēng)險(xiǎn)套利中，遵循long小邊，short大邊原則
　　如：，
 
　　套利方法是， long security, long put, short call, short bonds.