Synthetic Stock Options on CallPut

CallPut lets users access synthetic stock options and crypto options from one non-custodial onchain interface. The stock option markets reference listed equity and ETF prices, while execution and settlement happen through CallPut's onchain system.

• Stock and ETF references can include major names where liquidity, reference pricing, and risk controls allow.
• Crypto options can sit beside synthetic stock options in the same wallet-based trading experience.
• Availability can change when markets are closed, data quality changes, volatility spikes, or liquidity is limited.
• Every market should be read through its exact contract terms, fees, spread, expiry, and settlement source.

The option payoff references an external market price, while execution and settlement happen through CallPut smart contracts. Users connect a compatible wallet, review max loss, max profit, fees, mark price, execution price, and then approve the transaction.

• Reference price: the underlying market input used by the protocol.
• Mark price: a model-derived value used to display estimated fair value.
• Execution price: the tradable price after spreads, fees, and risk adjustments.
• Settlement value: the value used to resolve the option payoff at expiry.

Before opening a synthetic stock option, the useful question is not only whether the user is bullish or bearish. The user should verify the exact reference market, strike, expiration, premium, executable price, fees, and settlement behavior.

• Confirm the referenced stock or ETF, option type, strike, expiration, and contract sizing.
• Compare mark price with execution price, spread, protocol fees, gas, and final premium.
• Review maximum loss, maximum profit, breakeven, and whether the payoff is capped.
• Check whether the option is a directional trade, hedge, income structure, or volatility view.
• Understand what happens if the referenced market is closed, delayed, halted, or unusually volatile.
• Approve only after the wallet shows the same terms the user intended to trade.

Synthetic stock options can be designed for broader access than traditional broker-listed options, but the referenced equity markets still have market hours, closures, corporate actions, and data constraints. CallPut may widen spreads, limit markets, or adjust availability when reference conditions are poor.

• Market closure: after-hours and weekend periods can have stale or less reliable reference signals.
• Corporate actions: splits, dividends, mergers, or symbol changes can affect reference handling.
• Data delay: delayed, missing, or abnormal data can affect pricing, display values, and settlement rules.
• Liquidity stress: fast moves can widen spreads and make mark price less useful as an execution guide.

CallPut stock options do not represent broker-listed options, securities accounts, shares, ETFs, tokenized stocks, issuer ownership, dividends, voting rights, shareholder rights, corporate action rights, or physical delivery of the referenced underlying.

This page is the product definition page. Use Learn for option mechanics, use Risk for failure modes and disclosures, and use the trading interface for live prices, current availability, wallet approval, and exact transaction terms.

• Definition: this page explains what synthetic stock options are and are not.
• Education: Learn explains calls, puts, Greeks, strategies, payoff, and execution terminology.
• Risk: the Risk page explains market, liquidity, reference, oracle, and smart-contract risks.
• Trading: the app is the source for live market availability and current execution terms.