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 ?
Running Mates'' is standard-issue Hollywood glop that reveals virtually no insight into the world it describes, which is doubly disappointing, as it couldn't be more timely.
It reflected our image-bound ideas of value, doubly founded on reality and the slippery ice of our imagination.
They found, for instance, that a doubly charged species consisting of two helium and two carbon atoms is surprisingly stable.
In addition to preventing the audience from participating in whatever she is expecting to see, Galan also depicts her with her eyes shut, thus doubly closing avenues of vision.
Mice with HIV from children had lost most of the doubly stained cells as well as most of the CD4 cells, the typical HIV targets, the UCLA group reports.
In Mob Attacks Somali Woman, 1993-94, the fear on the woman's face and the ambiguous expressions of the men surrounding her are doubly frozen--in the arbitrary closing of the camera's shutter and in the permanence of Whiten's handiwork.
To build their crystals, Suib's group developed a new synthesis method using doubly charged manganese cations and potassium permanganate mixed together at a very alkaline pH of 13.
David Wanetick, Managing Director of IncreMental Advantage and Due Diligence Digest said, "Many companies that went public via the reverse merger route have had to work doubly hard to prove their legitimacy.
He gets away with playing a doubly offensive type - both Spike Lee and Gloria Steinem will find a lot to complain about here - by infusing Leon with a dumb, friendly sweetness, malice-free confidence and even a capacity for growth.
Rockman has tapped into a rich vein of psychotronic cinematic pleasure, so it's doubly disappointing that "Biosphere" is such a bore: disappointing, one, because he does so little with the given narrative material other than graft onto his by now familiar mutant-animal freaks; and, two, because his painterly technique, always impressive, seems here flattened out, airless, merely illustrational.
The catalyst causes each of squalene's six double bonds to break so that each doubly bonded carbon atom can then take on a hydroxyl.
I am doubly proud that Instituto has chosen to recognize Larry's leadership at MHDC, as MHDC is the only unionized, non-profit housing developer in the Bay Area," says Viola Maestas, current chairperson of MHDC, past president and founding member of Instituto Laboral De La Raza.