Strip

(redirected from Strip-tease)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
La revelacion, sin duda, es la rockera Courtney Love en una estupenda creacion de la decadente mujer del magnate, que reune en si varias de las faces de la marginalidad: hija de un sicopata, es vedette del strip-tease, junky, enferma de sida y amante esposa.
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.
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.
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 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.
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.
THE country's strip-tease artistes have formed their first official trade union.
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.
He said: "I can't deal with every fabrication and every smear, or every piece of educated guesswork, because I would get involved in a political strip-tease, showing you a week ahead what's in the report or what isn't.