Moneyness and put-call parity

A put is labelled "out of the money". What does that label not tell you?

• Where the strike sits relative to the underlying
• Your profit or loss, or how much a short position in it can lose
• Whether it has intrinsic value right now

Which pair makes a synthetic short stock position?

• Long call and short put, same strike and expiry
• Long put and short call, same strike and expiry
• Short put and short call at different strikes