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What is Reversal (Reverse Conversion)?
Reversal (Reverse Conversion) The opposite of a conversion: short stock, short put, and long call at the same strike and expiration. Like a conversion, it exploits mispricing relative to put-call parity. If options are underpriced relative to the stock, a reversal captures the arbitrage profit.
Complete definition
The opposite of a conversion: short stock, short put, and long call at the same strike and expiration. Like a conversion, it exploits mispricing relative to put-call parity. If options are underpriced relative to the stock, a reversal captures the arbitrage profit.
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