Double

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Related to double agent: Triple agent

Double

The purchase of a call and a put on the same underlying asset with the same strike price and the same expiration date. A double enables one to profit from whatever price movement the underlying takes. That is, if the price goes up, the holder exercises the call, and if it goes down, he/she exercises the put. If one of the options is in the money, the other must be out of the money.
References in periodicals archive ?
The Welsh double agents also pretended to have carried out sabotage which never happened and welcomed German agents to Britain only to hand them over to MI5 who "turned" them against Germany.
While Cuba has trumpeted its success with double agents in the past, Latell's book shows the penetration was more extensive than previously known, and compromised U.
Having parachuted into Britain, the German spies were captured and given the choice of either becoming British double agents or facing the death penalty.
Double agent Brian Nelson allegedly helped terrorists find the Catholic, 39 - targeted for representing IRA men.
However, the book by well-known espionage writer Nigel West and Welsh author Madoc Roberts has asserted that after his activities became known to MI5, he agreed to become the agency's first double agent.
A new RTE documentary, Hidden History - The Jubilee Plot, claims that the plot was masterminded by British intelligence and sanctioned by the then Prime Minister who knew a double agent had been told to "plant the seed" for the attempt with Irish American nationalists.
A government minister will be told today to provide a pension for a KGB double agent living in fear of his life in Northumberland.
Then, out of the blue, a trusted informant tells Garrison there is a double agent within the corridors of the White House plotting an assassination attempt on the President - and all evidence seems to point to the veteran.
tv will be able to index video content from the Double Agent site and make it fully searchable.
As a portrait of the suspected Chinese double agent emerged Thursday, people who knew her and had worked beside her for two decades expressed shock and awe.
A 61-YEAR-OLD cleaning lady believes police are treating her as the prime suspect for the murder of UDA double agent William Stobie.