Strip

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Strip

Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock. The puts and calls have the same strike price and expiration date. See: Strap.

Strip

A bearish investment strategy in which an investor holds two puts and one call on the same underlying asset with the same expiration date and strike price. An investor uses a strip when he/she believes that the price of the underlying will decrease substantially. If it does, the investor stands to make a substantial profit by exercising the puts. On the other hand, if the underlying increases in price, the investor will not suffer a substantial loss because the strike price of the call protects him/her. See also: Call backspread ratio, Strap.

strip

A combination of two put options and a call option. The buyer of a strip profits from large variations in the price of the underlying asset, especially if it is moving downward.
References in periodicals archive ?
The Pluck Project students, too, have experienced a similar delight in their own power.
All in all, therefore, the evidence for the past quarter century supports the view that the "plucking model" is a useful way to interpret business fluctuations, though in itself it does not explain the source of the plucks.
I'm pleased to discover I can actually pluck a bird, it was a first for me but I am never ever going to do it again.
0, Pluck integrates its feed-finder directly into the reader, which means the user doesn't need to leave the comfort of the reader to find content of interest.
Pluck nodded home early on from Williams' cross, but Beadle headed home an equaliser less than a minute later.
The Grade 3 Transylvania Stakes is the first of 15 Graded stakes in 15 days at the Lexington venue, where Pluck breaks from the outside of ten runners as he bids to earn his place in the field for the Poule d'Essai des Poulains.
But while she was off work last October, bosses at David Pluck was tipped off she was living it up in Las Vegas with husband Barry.
Many companies have already partnered with Pluck including Gannett Co Inc, Discovery Communications, the Canadian Broadcasting Corp, Runner's World publisher Rodale, Washington Post Co.
WHETHER you pluck or wax, keeping your eyebrows neat and tidy is an uncomfortable but necessary process.