fence

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Fence

A position in which an investor is long (or short) on an out-of-the-money put, long (or short) on an opposite out-of-the-money call in addition to being long (or short) on the underlying asset. Both options have the same expiration date. A fence position sets a floor and ceiling for the underlying asset and limits potential losses for the investor. It is often used by traders in farm commodities.

fence

An investment position consisting of being long (or short) a stock or commodity, being long (or short) an out-of-the-money put, and being short (or long) an out-of-the-money call. Both options have the same expiration date.
References in periodicals archive ?
However, the elders said the Korir's family genuinely owned part of the land which was fenced off.
net/fan-reveals-last-album-chris-cornell-signed-minutes-death/) reported about Cornell's grave being fenced off, they revealed a fan claimed Cornell signed a Soundgarden King Animal vinyl record minutes before he hanged himself at the Detroit MGM Grand Hotel May 18.
They have fenced off an area around it while investigations are carried out.
Ahuge field is now fenced off (nice for graffiti vandals) in preparation to store the foul smelling silt they will remove after they have drained the lake and water ways.
The pool was fenced off and locked, but the boy somehow got inside and jumped, or fell into, the pool, the tipster said.
It will be fenced off when the developers move in and will only be accessible to those who pay to fish.
EPA and Matteo & Sons have fenced off areas with high levels of lead and removed contaminated soil in certain areas of the trailer park to protect residents.
A computer tycoon is trying to settle a dispute with a historic village cricket club after he fenced off part of the ground used by spectators.
In the lush green cityscape, formerly affluent German villas are now being fenced off and dressed up in red brick and chic watch-towers.
From August 2001 to March 2002, the section from Third to Seventh streets will be fenced off between the National Gallery of Art and the National Air and Space Museum.
An area near the playground of Uig School on the Isle of Lewis has been fenced off to protect them from the phosphorous.
The entrance to the enclosure, along the back of Tattersalls, had been fenced off and no other means of entry, for non-members, was available.