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 ?
The Rocket Club, on Broad Street, where the strip of land was disputed
In return, the Palestinians would be given a strip of land adjacent to Hebron that would be the same size as the territory annexed by Israel, they added.
The length of the dowels will be based on the depth of water where the floating strip of land will be set up.
The Burke family lodged a plan to develop two houses on the plot but there was a dispute over a small strip of land.
The coastal strip of land near Salcombe where the oil beetle was discovered has been managed less intensively as farmland, therefore creating a habitat where the beetle could survive undisturbed.
The opportunity he was waiting for presented itself in the form of a six-acre narrow strip of land belonging to CSX Transportation.
The reality that few of the 22,000 Imperial Army soldiers would be leaving Iwo Jima alive makes the holed-up defense of this tiny strip of land feel like Japan's version of the Alamo.
The railroad right-of-way has become a toxin-saturated strip of land that people cannot work or live near unless poverty leaves them no alternative.
The pullout in mid-August came a year and a half after Israeli Prime Minister Ariel Sharon declared his intention to withdraw from this narrow strip of land on the Mediterranean, captured by Israel from Egypt during the 1967 Arab-Israeli war.
5-mile strip of land between North and South Korea, there are fences, barbed wire, and hundreds of thousands of troops on either side.
Isthmus: A narrow strip of land that connects two larger land areas.
The Lido in Venice is a strip of land dividing the lagoon from the Adriatic, just a short vaporetto ride from St Mark's.