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 ?
Part won the opening set in double-quick time and won the second by three legs to one.
If New Zealand were to have any chance Fleming knew they must take wickets - but not at the expense of losing the match in double-quick time.
BOXING: Amir Khan is intent on finishing off Frenchman Rachid Drilzane in double-quick fashion to complete a successful 2006 at the ExCel Arena in London next month.
Amir Khan insists the prospect of early retirement is spurring him on to reach the top of his sport in double-quick time.
George Wimpey's Brass Castle Park in Marton is selling in double-quick time - so much so that the sales team has doubled too.
Pipe reached the total in double-quick time as Stephenson was training for 46 years whereas Pipe got off the mark less than 25 years ago.
And while Jenkins hasn't had the best of seasons, he's now a far more ruthless performer on the stage than he ever was and if he's averaging only ten points higher than Navratil the match should be over in double-quick time.
They turn up for work only to be bullied by managers (which is prevalent in sorting offices)to sort and deliver mail in double-quick time.
Didi Hamann has done it again, I see ( said Auf Wiedersehen Pet in double-quick time, just as he did to us Geordies.
What happened to Dawn was a Hollywood film offer and the knowledge she'd be back in Blighty in a trice if she didn't get "skeletal" in double-quick time.
The American was broken to love in the first game of the tie, but she then won six on the spin to see out the first set in double-quick time.
Hewitt and Rafter seemed to tire in the final set as the French rattled through to take it in double-quick time for the loss of just one game.

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