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A note on the call-put duality

by G. Peskir and A.N. Shiryaev
Research Reports Number 413 (September 2000)
Along with the well-known "call-put parity" relation, that makes it possible to express the rational price of a put option in terms of the rational price of a call option, we introduce a "call-put duality" relation. This new concept offers a simple explanation of the relationship between the rational price of a put option and a call option, not only for options of the European type, but also for options of the American type.
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Theory Probab. Appl. Vol. 46, No. 1 (2001), 181-183