Put-Call Parity question

CFA Level I Derivatives
#1

I understand that when the put-call parity equation is rearranged to be p = c - S + X/(1+r)T, this means long put = long call, short asset, long bond. My question is regarding the “short asset”. Does shorting the asset in this equation mean that the analyst take either of these 2 positions to short the asset?..

  1. Selling a call option (short the position and short the asset)
  2. Buying a put option (long the position and short the asset)
#2

Never mind. I figured it out. S is the actual asset (i.e. a stock) and it’s literally selling it short, not using an option to short the stock.

#3

Bingo!