## Calculates Profit and Loss at expiration for Short Synthetic Future (per unit of the underlying) and draws its graph in the Plots tab.

### Description

This strategy results from shorting a call of the option on Future and buying a put of the option on the Future of the same strike price with the same expiration. On initiation, this is a net credit Strategy and results in net cash inflow as premium received on shorting a call of the option on Future is more than premium paid on buying a put of the option on Future (Kakushadze & Serur, 2018).

### Usage

zShortSyntheticFuturePnL(
STF,
XF,
COF,
POF,
hl = 0,
hu = 1.6,
xlab = "Future Contract Price ($) at Expiration of Options on Future", ylab = " Profit and Loss [ PnL] ($) at Expiration",
main = "Short Synthetic Future [ PnL ]"
)


### Arguments

 STF Future contract price at time T. XF Strike Price of Option on Future. COF Call Premium received from Option on Future . POF Put premium paid on Option on Future. hl lower bound value for setting lower-limit of x-axis displaying spot price. hu upper bound value for setting upper-limit of x-axis displaying spot price. xlab X-axis label. ylab Y-axis label. main Title of the Graph.

### Details

According to conceptual details given by Cohen (2015), and a closed-form solution provided by Kakushadze and Serur (2018), this method is developed, and the given examples are created, to compute Profit and Loss at expiration for Short Synthetic Future (per unit of the underlying) and draw its graph in the Plots tab.

### Value

Returns a graph of the strategy.

### Author(s)

MaheshP Kumar, maheshparamjitkumar@gmail.com

### References

Cohen, G. (2015). The Bible of Options Strategies (2nd ed.). Pearson Technology Group. https://bookshelf.vitalsource.com/books/9780133964448
Kakushadze, Z., & Serur, J. A. (2018, August 17). 151 Trading Strategies. Palgrave Macmillan. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247865

### Examples

zShortSyntheticFuturePnL(12,14,4,2)
zShortSyntheticFuturePnL(200,205,7,2,hl=0.95,hu=1.1)