Double

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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 Bazadaise, which has double muscling, crosses well on most breeds but it gives a particularly good calf on the Belgian Blue.
Double muscling is considered an undesirable trait from a production standpoint.
The same double muscling and fine bone structure that produces the meated hind quarters mean that a ewe in labour needs to be constantly watched, but Mike says it's worth it.