Converted put(redirected from Converted Puts)
See Synthetic Put.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The purchase of a call option and the short sale of the underlying asset. This is effectively the same as buying a put option because one makes a profit if the underlying asset decreases in price. For this reason, a converted put is also called a synthetic put.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved