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 ?
FUGITIVE Raoul Moat evaded capture for nearly a week by living like a human sewer rat - bent double in a stinking storm drain while soaked in freezing water.
Similar except for the greasy hair, pervading smell of baby sick and the bent double shuffle courtesy of some extensive stitching.
By now bent double with her neck craned forward like a mad moorhen, she carried on screaming: "HA HA HA HA
He could not get on a stretcher, and when he came out he was bent double and could not straighten up.
The result is a posse of pre-schoolies wobbling up the pavements on their Barbie bikes, swiftly followed by whichever parent lost the toss of the coin and is bent double, clutching Evil Knievel's bike seat and running as fast as their flip-flops will take them.
When she was alive, the eight-year-old was bent double and barely able to walk because her joints had seized up.
Villa came out fighting after the break with a Darren Bent double putting them in front before Leighton Baines equalised following a controversial penalty award for Jean Makoun's challenge on Phil Jagielka.
A neighbour said: "One man was lying on the ground while another was bent double in obvious pain.
His pals fitted him with a kidney harness and butt pad as his rod bent double in the big fight with a leaping thresher.
Clearly in trouble, Volk, bent double at times, also left the ice and was taken to hospital with a shoulder injury.
Normally busy streets were like a ghost town as fences and trees fell, while signposts were bent double.
Weekend guests rash enough to come here for the weekend, hoping for a quiet Sunday with the newspapers in front of the fire, found themselves being carried off to freezing, oil-polluted beaches on which they were forced to work until dusk, bent double, filling rubber buckets with whelks, clams, many of which had to be rejected because they were covered in oil, and pretty little pink-flecked shells which cheered them up momentarily, as they were rather rare.