Double

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Related to double figures: double digits

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 ?
Sapphire anglers had the pleasure of watching a pod of dolphins while catching cod and ling to double figures.
It was the ninth time this season that UConn has put five players in double figures.
"It would be nice to hit double figures and I'll go into every game looking to score."
Dave Oxley of Darlington was runner-up after making double figures. He totalled 12lb 10oz.
Summary: Jermain Defoe scored five times as Harry Redknapp's men threatened to rack up double figures against Wigan at White Hart Lane.
Agbonlahor said: "If you look at last season, I went through a similar run and ended up in double figures. The goals will come.
Junior guard Veronica Smith returns after scoring in double figures 12 times last year, including 23 points on the road at South Alabama.
When it comes to scoring goals this season Aston Villa seem to be hitting the net for fun but striker Gabriel Agbonlahor insists that he is not content to sit back now that he has hit his own personal target - to get into double figures.
These fish have grown on well and the carp are now averaging low to mid double figures. Tench over 5lb are common and near double-figure fish were reported last year.
Only two Syston players got into double figures and the dominance of the ball over the bat could be seen in the bowling figures of spinner Daniel Hickinbottom who bowled 10 overs and took 3-14 and Ian Allen who bowled seven overs for a return of 3-27.
The frontman has a reputation for creating more than he scores but he's desperate to hit double figures this season for only the second time in his career.
CARBONDALE -- A balanced offensive attack that saw five Saluki players score in double figures led the Southern Illinois University men's basketball team to a 78-73 win over Evansville on Saturday night at SIU Arena.