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 ?
Once satisfied with the second layer, trim the strip ends 1" beyond the first layer.
Join the black strip that was set aside to the last strip set on the right side.
Toyo specified a cooler/ stacker to process both soft and hard compounds, and with the flexibility to stack endless sheet, cut sheets or strips.
Starflex strip and mica strip also used in molds, platens and dies.
In some recent tests of carbon-nanotube strips that were not associated with a fuel cell, Spinks, Madden, Baughman, and their other colleagues found that they could speed actuation by using pulses of electricity more than 30 times as high as the typical voltages in the fuel cell arrangement.
What: Aaron McGruder's acclaimed comic strip about militant black kids adrift in the suburbs is reimagined as an animated series.
The strip currently features lefty NPR correspondent Mark Slackmeyer (below) and his Log Cabin Republican boyfriend Chase Talbott III.
The Bell Strip can be manufactured to match the exterior of any building--making it almost completely unnoticeable to the naked eye.
This allows me to see how my colors are working and when I have done enough to make a strip all the way around, then I may attach a different color to continue the braid.
Obenberger said his firm, Obenberger & Associates, has represented strip clubs for 10 years, although he wouldn't say which clubs.
The biggest excitement is around the fact that we're able to get rid of the need for the huge capital-intensive slab caster and hot strip mill," says Peter Campbell, director of Technology and Marketing for Castrip LIC.
The early ones--the aforementioned tale of rabbits and hash, or the 1973 strip declaring that Watergate conspirator John Mitchell was "Guilty, guilty, guilty