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 ?
Both distributions were significantly leptokurtotic, but the double-cross distribution was more peaked.
Two other factors may strengthen the case for using double-cross maize hybrids for dryland production in the western High Plains.
Even when these factors are considered, however, we believe it is unlikely that commercial seed companies will undertake development, testing, and production of double-cross hybrids for this single geographic region.
Environments used in the evaluation of nine single-cross and 36 double-cross maize hybrids.
To push this double-tracked tale of boy-genius double-cross along quickly, writer/director Martyn Burke relies on voice-overs from the Woz (Joey Slotnick) and from Ballmer (now Microsoft's notoriously hard-charging president, in the film a jocular frat boy).