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 ?
The number of double-decker buses being operated for promotion of tourism will soon be increased.
He said that people of Lahore and other cities including elderly persons and children will have recreational tour of Lahore through double-decker buses and see the historical places of the Walled City.
Baghdad's old double-deckers, were either stolen, or gradually fell into disrepair, as Iraq struggled with the violence that erupted after the invasion.
All that needs to be constructed outside the Metrocentre is a double-decker road that has through traffic on the upper deck and local traffic on the lower.
Colin Murphy, the company president said, 'The double-deckers are not just a mode of transportation, they are a visitor activity in themselves.
Lymn Undertakers has become the first in Britain to be able to offer the option of a London double-decker instead of a traditional hearse.
Lib Dem councillor and Aberdeenshire Provost Bill Howatson, 57, said: "It is a very exposed stretch of road and parents have raised concerns about whether a double-decker is the appropriate option.
The Volvo 7700 Hybrid bus is being produced in the company's plant in Wroclaw, Poland and the chassis for the double-decker Volvo B5L Hybrid will be built in Boras, Sweden.
Fitting on an island plagued by woeful public transportation, the tourist fleet features just 12 buses--three of them double-decker.
A total of 70 double-decker buses are expected to run on the Dubai-Sharjah route by the end of this year, a senior official of RTA was quoted as saying in the Khaleej Times.
on Wednesday launched a new double-decker bus three years after suspending its production of such buses.
Dubai: The Dubai Roads and Transport Authority (RTA) will launch double-decker bus service between Dubai and Sharjah this September to improve transport between the emirates.