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 ?
There is some work to be done this Labor Day weekend and this motivated, focused fencer wouldn't have it any other way.
Following a poor run of 15-year-old fencer and, previously, Richard would have done well to survive the first round of direct eliminations.
Paralympic fencer Craig McCann, centre rear, with Eston Park Academy pupils
Like many families, the fencers spend much of their day together once they're finished with their daily responsibilities.
BOLTON -- Grace Ding, 15, of Bolton, is a highly ranked national fencer, who currently attends the Advanced Math and Science Academy (AMSA) Charter School in Marlboro as a sophomore.
Bach has been forced to deny allegations in a German TV documentary about his conduct during his days as a fencer in the 1970s.
CARDIFF fencer James Taylor gained a welcome victory on home turf at the weekend when he won the men's epee title at the Welsh Open tournament at Sophia Gardens.
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.
South Korean fencer Shin Lam got denied an advance to the Olympic final of the women's epee after she misinterpreted a clock re-setting.
They were ranked between 120 and 400 in world fencer ranking.
If you are fencing in a remote area that doesn't have access to electricity, then you'll need a conventional battery operated fencer or a solar battery operated fencer.
The top British epee fencer now lives in Germany and that's what David needs as well if he is going to really progress.