In this episode of Teach Me Like I'm 5, options expert Kris Abdelmessih breaks down one of the most foundational—and misunderstood—concepts in options trading: put-call parity. Using Lego analogies, homemade spreadsheets, and Fast & Furious references, Kris shows how options are like building blocks you can combine to create any payoff you want—including replicating a stock itself.Whether you're a beginner trying to understand options basics or a seasoned investor looking for deeper insights into synthetic positions and implied interest rates, this episode is packed with practical lessons presented in the most approachable way possible.What We Cover:Why calls and puts are “the same” through the lens of put-call parityHow to visualize and replicate stock payoffs using only optionsThe concept of synthetic positions: synthetic stock, calls, and putsHow put-call parity collapses complex strategies into basic building blocksThe real mechanics behind covered calls—and what they really areHow professional traders use options pricing to infer interest rates and stock borrowing conditionsA deep dive into "box spreads" and how they replicate zero-coupon bonds

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