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Strip
(redirected from Strip of land)

    Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Strip
Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock. The puts and calls have the same strike price and expiration date. See: Strap.
Strip
A bearish investment strategy in which an investor holds two puts and one call on the same underlying asset with the same expiration date and strike price. An investor uses a strip when he/she believes that the price of the underlying will decrease substantially. If it does, the investor stands to make a substantial profit by exercising the puts. On the other hand, if the underlying increases in price, the investor will not suffer a substantial loss because the strike price of the call protects him/her. See also: Call backspread ratio, Strap.
strip
A combination of two put options and a call option. The buyer of a strip profits from large variations in the price of the underlying asset, especially if it is moving downward.
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ISTHMUS: a narrow strip of land with water on both sides that connects two larger bodies of land.
Land and water: understanding the unique natural forms around us by Junior Scholastic
His life began quietly enough, growing up a on a picturesque strip of land in the southeastern United States, with a Mom and Dad to admire and a support group of aunts and uncles that many don''t have today.
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