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 ?
Winchester's famous 3-position safety and field strippable firing pin are standard with each model 70 Super Grade.
British Airways is the biggest user of PPG's selectively strippable coatings system for Airbus aircraft, Reid said.
Ahlstrom has engineered benefits into substrates so they are strippable and easily removed from the wall.
Our laboratory conducted tests to confirm that this system was strippable, and we secured the business.
Other peelable or strippable coatings are used for paint masking, as decorations, on walls of paint spray booths, and for corrosion protection of parts that must be stored or shipped before they can be painted properly.
Strippable bond lets the user peel back a section of bonded tubing without the use of tools for convenient fitting attachments.
Currently, strippable, or peelable, coatings are used when a new camouflage is required, changing a vehicle's color from green to, for example, light stone in order to blend with desert terrain.
The coating can be applied at 185 F and is easily strippable, leaving no damage to the base material.
Furthermore, the substrate is dry strippable, which allows users to remove it from walls in one movement.
The collection is prepasted, strippable, scrubbable and vinyl-protected.
British Airways is the recipient of the 500th new aircraft painted with the Desothane(R) selectively strippable aircraft exterior coatings system by PPG Industries' (NYSE:PPG) aerospace coatings group.
INDIANAPOLIS, April 16 /PRNewswire/ -- AMD LASERS, LLC proudly announces that effective April 1, 2010, dental practitioners now have the option of using disposable tips or a strippable fiber with the number 1 selling dental lasers in the world - Picasso and Picasso Lite.