April 18, 2019

Option Synthetics

There is an inherent relationship between calls and puts and the underlying asset.

Click the video below to see how this relationship plays itself out.

Follow me on Twitter @CboeSib

about the author:

Scott Bauer

A respected market commentator seen on Bloomberg, Fox Business, CNBC and other major financial networks, Scott Bauer has 30+ years of professional equity and index options experience at the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) and as a Vice-President/trader for Goldman Sachs. Scott graduated with Honors from the University of Illinois Business School and has taught classes both at his alma mater and at the CBOE.

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May 13, 2026

Risk Reversals: When The Market Flips The Script

Many options traders focus on one direction at a time. However, risk reversals can force you to focus on two directions simultaneously. Buy a call. Buy a put. Maybe sell a covered call against something you already own. That’s exactly what makes them so powerful…and dangerous, if you don’t know what you’re doing. I’ll walk […]

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January 21, 2026

Could Penny Stocks Be The Big Play In 2026?

Written By: Howard Greenberg As everyday traders put their trading plans into action for 2026, penny stocks might not be on many of their radars. It’s totally understandable why penny stocks may not appeal to the more calculated seasoned traders. Their reputations for susceptibility to manipulation, extreme volatility, and low liquidity make them way too […]

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December 23, 2025

3 Top Indicators For Day Trading Options

Make no mistake…day trading options can be very profitable, but it can also be very risky. If you don’t know what you’re doing—you will get burned. When I first started day trading options, I learned that lesson the hard way quite a few times, but those experiences made me a better trader and coach. I’ll […]

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June 5, 2026

Bitcoin Dethroned: Is a Replacement on the Horizon?

Bitcoin has been under serious pressure in 2026. Year-to-date, it’s down over 31%. When a prominent asset like Bitcoin falls this hard, one question always comes to mind: Is something else about to take its place? It’s a debate that resurfaces every time Bitcoin stumbles…and so far, its resilience has proven doubters wrong… But could […]

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June 5, 2026

The Market Is Sending a Signal Many Traders Are Missing

There are moments in the market that demand attention; not because of what’s happening on the surface, but because of what’s brewing underneath. Right now, one of those moments could be unfolding. It’s a disconnect that Scott Bauer says is unlike anything he’s seen in his 30+ years of trading. Scott explained what he’s seeing […]

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June 3, 2026

Charlie Moon Sees a Quiet Rotation Building in These Stocks

Semiconductors have dominated the conversation for months. However, Charlie Moon believes the next big opportunity is forming in a part of the market where most traders aren’t really looking. On the Schwab Network this week, he laid out a case for a group of stocks that were quietly left behind during the semiconductor rally, and […]

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