# Fight Finance

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Being long a call and short a put which have the same exercise prices and underlying stock is equivalent to being:

A stock, a call, a put and a bond are available to trade. The call and put options' underlying asset is the stock they and have the same strike prices, $K_T$.

Being long the call and short the stock is equivalent to being:

A stock, a call, a put and a bond are available to trade. The call and put options' underlying asset is the stock they and have the same strike prices, $K_T$.

You are currently long the stock. You want to hedge your long stock position without actually trading the stock. How would you do this?