alligator

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Alligator

An option spread with unusually large commissions for the involved broker(s). In an alligator, the commissions are so large that the potential profit from the spread is not worth the expense. In such a situation, the investor holding the spread is said to be "eaten alive."

alligator

An option spread in which the commissions are so large a part of any potential profit that the investor gets eaten alive. Obviously, alligator spreads are of greater benefit to the broker than to the investor.
References in periodicals archive ?
TEST PROBES: Attach the alligator clips to the switch's flat prongs and turn on the VOM.
Or, try a modular plug cheater - a wire with two alligator clips on one end and a modular plug on the other.
Turn printed circuit boards, alligator clips, metal connectors, terminals, and other intriguing shapes into brooches or earrings: simply affix to jewelry or earring back with epoxy.
length of 18-gauge lamp cord and an alligator clip.
Included are the instrument, a power supply, voltage test leads, Fluke Energy Analyze Plus, alligator clips, a soft case, line cords, a color coding set and documentation on a USB flash drive.
Heavy-duty leads, probes, and alligator clips fit in the custom carrying case, for a rugged field testing kit.
The multimeters come with high-voltage test leads with threaded alligator clips, a 9V battery, user manual and Magne-Grip holster, which frees both hands for work.
Pomona Electronics has announced its Model 6723 Test Probes with screw-on alligator clips.
The alligator clips feature IP2X connection covers which, when plugged into the fused probes, maintain the overall safety specification.