Strip

(redirected from Strip-tease)
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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 ?
Anniversaries: 1894: The first professional strip-tease performance took place at the Divan Fayonau Music Hall, Paris; 1900: General Roberts captured Bloemfontein, South Africa; 1928: The St Francis Dam near Los Angeles burst, drowning 450 people; 1938: Austria was declared part of German Reich; 1974: The Charles de Gaulle Airport in Paris opened; 1990: The Soviet Congress voted to abolish the political monopoly of the Communist party.
Hyped-up Sam went on to perform a saucy strip-tease for flabbergasted Anthony.
With newsreader Svetlana Pesotskaya undressing as she reads the headlines, dead- pan interviews conducted by near-naked journalists and a strip-tease performed by the weather girl, the show has attracted powerful guests as well as record ratings.
Anniversaries: 1894: The first professional strip-tease performance took place at the Divan Fayonau Music Hall, Paris; 1900: General Roberts captured Bloemfontein, South Africa; 1928: The St Francis Dam near Los Angeles burst drowning 450 people; 1938: Austria declared part of German Reich; 1970: English schoolgirl Susan Wallace became the first 18-year-old eligible to vote; 1990: The Soviet Congress voted to abolish the political monopoly of the Communist party.
The GMTV presenter wasn't the only one looking perky for the time of day as producers beamed the strip-tease out to a nationwide family audience.
The judge revealed he had watched Channel 5's A Thong For Europe on May 6, which was billed as television's first-ever male strip-tease contest.
A trial of Chrysanthos would compound the church's woes after the defrocking of a priest who left his family for a Romanian strip-tease dancer.
THE country's strip-tease artistes have formed their first official trade union.
Post Script Actor Robert Carlyle - star of the hit strip-tease film The Full Monty - was yesterday voted the most loved man in the world, beating the likes of Hollywood heart throbs Brad Pitt and Leonardo DiCaprio.
When no one was looking, they held up the club's cashiers and made off with the day's takings - though not before Paula had performed an impromptu strip-tease routine, and decorated the captive men's heads with bits of garnish.