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 ?
LOMANA LUALUA claims the warmth of Pompey's fans is helping him recover from malaria in double-quick time.
What's more, he's back in double-quick time - his second outing this year - walking straight into big trouble, deep in Nebraska.
Refusing to panic when his path was seemingly blocked at the halfway stage, he seized the initiative when finally finding daylight and found a willing mount who settled the issue in double-quick time.
Sadly, just days after Christmas, kennels across the country are full of unwanted pets which have been abandoned in double-quick time after the novelty has worn off.
MICHAEL Reiziger is set to make a double-quick return for Middlesbrough after initially being ruled out until next year.
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.
The former Manchester United winger opened the scoring in double-quick time as the new Galacticos cruised to a 2-0 win at Villarreal.
Roddick's semi-final opponent today is Radek Stepanek, one of the gamest fighters on the circuit, but the improving Czech is not in the American's league and the favourite should finish the match in double-quick time.
JEAN-ALAIN BOUMSONG is set to make a double-quick recovery from his dead leg and should return to the Rangers side this weekend.
Nowadays, of course, you can get to any part of the world in double-quick time.
The Everton boss has been devastated by two double-quick home Premiership defeats by Wimbledon and Blackburn.
0-litre V12 engine that has 470bhp so it will get owners to the golf club in double-quick time.

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