{"id":223330,"date":"2025-05-02T13:40:41","date_gmt":"2025-05-02T17:40:41","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=webinars&#038;p=223330"},"modified":"2025-05-14T12:54:58","modified_gmt":"2025-05-14T16:54:58","slug":"option-conversions-and-reversals","status":"publish","type":"webinars","link":"https:\/\/www.interactivebrokers.com\/campus\/webinars\/option-conversions-and-reversals\/","title":{"rendered":"Option Conversions and Reversals"},"content":{"rendered":"\n<p>Join options educator Mat Cashman for a deep dive into conversion and reversal strategies &#8211; powerful tools used by professionals to capitalize on mispricings in the options market. In this advanced-level session, we\u2019ll revisit the fundamentals of put-call parity and explore how temporary deviations from this equilibrium can signal strategic opportunities. You\u2019ll gain practical insights into the construction of synthetic stock positions and how they are combined with physical stock to create market-neutral trades designed to exploit inefficiencies.<\/p>\n\n\n\n<p>Mat will walk through real-world use cases, execution considerations, and the trade-offs involved &#8211; covering everything from early assignment risk and dividends to margin impact and transaction costs.<\/p>\n\n\n\n<p><strong>What You\u2019ll Learn:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Put-Call Parity in Practice:<\/strong>\u00a0How the relationship between puts and calls underpins synthetic pricing &#8211; and what happens when it doesn\u2019t hold.<\/li>\n\n\n\n<li><strong>Spotting Arbitrage Windows:<\/strong>\u00a0Techniques for identifying market dislocations where conversions or reversals may make sense.<\/li>\n\n\n\n<li><strong>Strategy Mechanics:<\/strong>\u00a0How to construct and manage these positions, with emphasis on timing, sizing, and execution best practices.<\/li>\n\n\n\n<li><strong>Risk Factors to Consider:<\/strong>\u00a0Learn to navigate key risks, including early exercise, dividend events, and cost of carry.<\/li>\n<\/ul>\n\n\n\n<p>Whether you\u2019re refining your existing knowledge or looking to level up your understanding of options pricing dynamics, this session will help you think more critically about how and why these strategies are used.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this advanced-level session, we\u2019ll revisit the fundamentals of put-call parity and explore how temporary deviations from this equilibrium can signal strategic opportunities.<\/p>\n","protected":false},"author":1047,"featured_media":194008,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":true,"footnotes":""},"contributors-categories":[13771,13871],"webinar-categories":[13879,13884,13112,13878],"class_list":{"0":"post-223330","1":"webinars","2":"type-webinars","3":"status-publish","4":"has-post-thumbnail","6":"contributors-categories-occ","7":"contributors-categories-the-options-industry-council-oic","8":"webinar-categories-options","9":"webinar-categories-trading","10":"webinar-categories-upcoming-webinars","11":"webinar-categories-webinar-topics-webinars"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives | IBKR Webinars | IBKR Campus<\/title>\n<meta name=\"description\" content=\"In this 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