What are Synthetic Options?

I would like to know about Synthetic options. What are synthetic options and what is their significance?

 

they're also known as "counterfeit options", and are often made in China.

 

Created in a lab with chemicals

 

I started a thread on this topic about 12 hours before you made this one. The video in the OP is a good place to start.

https://www.elitetrader.com/et/threads/what-is-the-significance-of-synthetic-positions.361114/

 

it is an old story with ET members. They don't use the search box in the upper right hand corner to find answers.

 

Sorry to start another thread when this topic already existed in the forum but still I would like to have some answers about it. thanks

 

earlier today I was reading through a fairly new post by @MrMuppet (who seems to be pretty sharp about options) and he recommended that another member read: Cottle's Options Trading: The hidden reality

This is the first page of Chapter 1 below...might be worth a look