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 ?
Although none of the fencers reported sharing equipment nr clothing items, their use of shared sensor wires was not assessed specifically.
The wireless technology allows the truant officers to find out whether a student has violated probation, Fencer says.
Letterman Fencers Club, Gym #2, Building 1152, Presidio of San Francisco; 5615051 after 7 PM.
The line-up includes a fencing box, which can be attached to the Easy Fencer to store tools.
Tunisian fencer also beat South Korean Lee Ra Jin (15/13) at the quarter-final before conceding defeat to Hungarian Anna Varhelyi (13/15) at the semi-final.
In the Turkey Open, Seth competed with 38 other fencers, many of whom are already ranked at the C and D levels (which are higher than E), and he even managed to beat several higher-ranked players.
The reason the fencer is so effective is rather simple--if your wires are charged, the deer completes the circuit to ground through their feet when any other part of their body comes in contact with a charged conductor.
The items featured in the exhibition include the full swimming kit worn by Eileen Fenton when she swam the Channel in 1950, the running spikes Derek Ibbotson wore when he created a new sub-four minute mile record, the jacket fencer James Williams wore in the Olympics and Claire Taylor's England football and cricket shirts.
WASHINGTON, Oct 12 (KUNA) -- Kuwaiti fencer Tariq Al-Qallaf won the gold medal of the saber competition, his third gold at the international wheelchair fencing championship.
GREAT BRITAIN fencer Katrina Smith struck gold at the Shropshire Open - and her place on top of podium was never in doubt.
NORTH Wales fencer Stephanie Collister is set to climb the British rankings following a second successive fifth-place finish in this season's senior competitions, writes Mark Currie.
In 2002, she made history and became the first American fencer to be crowned Junior World Cup Champion.