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 ?
Once he retrieved the slack line his rod bent double and, after a terrific scrap he landed a personal best pollock of 8lb 3oz.
Amy Garton-Hughes, 15, from Wallasey, has a rare genetic disorder which leaves her bent double, and losing her sight, hearing and teeth.
BRIDGEND cue doctor Trevor White was pressed into emergency service yesterday when Welsh Open competitor Marcus Campbell arrived at Cardiff International Airport to find his cue case bent double on the baggage carousel.
While the majority of the audience were bent double as John sang of his disappointment at the demise of the cardboard strip in a Bounty bar (Mutiny Over the Bounty), and related tales of his Scottie dog, Kirsty, the couple in front of me sat impassive.
My introduction to fighting fitness was a three-minute burst flat-out on the rowing machine which left me coughing like a 60-a-day smoker and bent double searching for breath.
With the rod bent double, he held on as the skate pulled the 4.
He was bent double and acting strangely, fiddling with something at the bottom of his trousers, retching and spitting.
BENJANI accepts he has a tough task on his hands to break up Sunderland's Kenwyne Jones-Darren Bent double act.
Amy Garton-Hughes, 14, from Wallasey, has a genetic disorder which leaves her bent double and losing her sight, hearing and teeth.
Mrs Cox said: "He could not get on the stretcher and when he came out of the house he was bent double and could not straighten up.
Els' only spot of trouble came on the par-five third, his 12th hole, when a wayward drive meant he was literally bent double under a tree to play his second shot, before holing a 15 foot putt for par.
Young men were bent double under the weight of their findings as they struggled to carry scrap metal, air-conditioning units and barrels of fuel from the city.