What Is the Profit Profile of a Synthetic Long Asset Position?

The profit profile of a synthetic long asset (long call and short put at the same strike) is identical to that of a long position in the underlying asset. The profit potential is unlimited as the asset price rises, and the maximum loss is limited to the strike price minus the net premium received (or plus the net premium paid).

The payoff diagram is a straight line with a 45-degree angle, rising indefinitely, mirroring the asset's price movement.