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 ?
Evaluation of the centrifuged and Gram-stained smear, urinalysis, and reagent strip testing to detect asymptomatic bacteriuria in obstetric patients.
Grazaitis and Sexson (1980:221-223) report a case involving a neonate in whom a heel stick capillary blood glucose concentration measured with a reagent strip and reflectance photometer was 1.
At a level 2 cutoff, reagent strips gave an 89% specificity, 74% positive predictive value, and 99% negative predictive value.
Table 45: World Long-term Projections for Diabetes Testing Supplies by Product Segment - Blood Glucose Test Strips, Lancet, Lancet Device, Reagent Strip, and Blood Glucose Insta Glucose Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-90
and Reagent Strip Markets for Years 2003, 2011 & 2017
All samples were thawed, vortex-mixed, and centrifuged at 1500g for 15 min before assay for serum transferrin, salivary transferrin, or testing by Hemastix Reagent Strip.
Multistix 10 SG reagent strips for urinalysis were obtained from Baeyer Australia.
The reagent strip test for urine leukocyte esterase, however, is fairly insensitive.
Capillary blood beta-hydroxybutyrate measurement by reagent strip in diagnosing diabetic ketoacidosis.
A Specific gravity by reagent strip and refractometer are generally comparable [+ or -]0.
The program combines physician education and consumer awareness with a new, rapid urine diagnostic test -- the Multistix PRO(R) Reagent Strip.
Its presence presents a problem because it interferes with several reagent strip tests by masking or obscuring the color reaction, leading to false-positive results.