Strip

(redirected from strip off)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 ?
Reading it again, I added a pause after ``Don't strip off.
I've done a few bed scenes but if I were ever asked to strip off I'd say: `No way'.
But most of our sexiest stars have decided lingerie is as far as they will go - with models including Rozanna Purcell and Nadia Forde pledging never to strip off fully.
I hate being wrapped up in layer upon layer of clothes in England, so it's good to get away and strip off abroad," she added.
She claimed PETA had "distorted the truth" by claiming she would strip off for the advertisements.
Nearly 50 politically incorrectly dressed exhibitionists agreed to strip off, lie back and think of America - no mean feat considering the chilly November air.
Despite her topless success, Leigh told the Irish Daily Mirror she won't be rushing to strip off again.
nd the Golden Globe-winning star has admitted that she might not ever strip off for a role again.
SATURDAYS stunner Una Healy has been offered EUR70,000 to strip off and bare all for a lads' mag.
Police fear the sunshine mixed with alcohol could tempt golf fans to strip off and run on the greens.