# Risk Reversal

## **Risk Reversals**

<figure><img src="/files/yfYSK67awDBrCb0DKVXU" alt=""><figcaption></figcaption></figure>

User goes long a call option and simultaneously sells a put option. If user picks the ATM strike for both legs one synthetically replicates being long the underlying asset.

User can pick more out of the money strike for the respective legs, the strikes of the call and the put do not have to be symmetric.&#x20;


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