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 ?
LTFC also took the men's sabre through Maiyuran Ratneswaran, and in the women's event, although there were six Welsh fencers in the top ten, Truro's Sophie Williams got the better of Olivia Benedek, of Brentwood, in the final.
But come this weekend, the fencers will be in the center of things when the school hosts the Pacific Coast Championships, an annual competition that brings together the 210 best high school fencers from around the state and parts of Nevada.
According to Al Derzi, the event will be one of the competitions where the Bahraini fencers can gain points to qualify for the Beijing 2008 Olympics.
ST ELIZABETH'S primary school fencers in action and at the end of their course (above).
But she came up against the eventual winner of the tournament, Jo Hutchison (15) a Bath fencer who is one of the top cadets in the country.
Both Kuwaiti fencers Hussein Al-Kayatt and Ahmad Taqi had lost 13-15 to Al-Asi and Salem respectively.
2) Monroe High fencers Thomas Pagtolon-an, left, and Alex Ventura work out.
This gives fencers seeded positions at the World event.
She will be coming up against the best fencers and being trained by the best coaches so it's bound to improve her.
None of Bahrain's fencers were able to come away with any points from the event - points which they needed to qualify for the Beijing 2008 Olympics.
Along with the best fencers from the UAE, the visiting French team will also be present for a private fencing event.
Newcastle Fencing Club has 10 fencers in the two disciplines with two of them tipped to be among the podium places.