Double

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Double

The purchase of a call and a put on the same underlying asset with the same strike price and the same expiration date. A double enables one to profit from whatever price movement the underlying takes. That is, if the price goes up, the holder exercises the call, and if it goes down, he/she exercises the put. If one of the options is in the money, the other must be out of the money.
References in periodicals archive ?
Lee ends her text with the interesting movement of narrating her ethnographic travels through Mississippi and encourages the reader to perform a double-dutch reading of her dialogues with the grannies.
Readers will learn about double-Dutch teams from all over the world and those who have contributed to the sport.
IT might seem like double-Dutch but when the Byrne family released a balloon it made it all the way to Amsterdam.