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 ?
For almost three decades after Castro took power, Cuba's budding intelligence service fielded four dozen double agents in a world-class operation under the nose of the CIA, according to the book.
But in 1942 the capture of a German spy in Brazil compromised his position and he had to end his career as a double agent.
The revolutionary double agent concept immerses players in the world of international espionage more completely than ever, expanding the story and depth of Sam Fisher's character and evoking players' emotions by drawing them deeper into the gaming experience.
At least 13 Catholics were murdered while Nelson worked as a double agent.
Like all double agents, Gwilym risked being tortured if caught.
Nelson was the double agent who was said to have set up the Finucane killing.
Blake named his dark wood home after Mata Hari, a Dutch nude dancer accused of spying as a double agent for the French and German armies and executed by a firing squad in 1917.
It was also the night before double agent Brian Nelson was about to be arrested.
THE lives of UK spies working in the Middle East could be in danger after America revealed the double agent who smashed the latest underwear bomb plot was British.
Washington, Jan 11(ANI): The chemical fingerprint of the bomb used by the Jordanian double agent that killed seven Central Intelligence Agency (CIA) officers at a US base in Khost Province of Afghanistan last week reportedly matches the kind produced by Pakistan's Directorate for Inter-Services Intelligence (ISI).
AN American double agent has split open the Real IRA - by infiltrating its secret ranks posing as a wealthy benefactor.