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 ?
He said that teachers, students, employees, lawyers, doctors, workers and labourers benefit from this transport facility whereas tourist double-decker bus service is for the promotion of tourism, therefore, there is a difference between the fares of these buses.
But in a city where summer temperatures can sneak over 50 degrees Celsius, the air-conditioned double-deckers offer an alternative to a taxi ride squeezed in with other passengers or one of the fleet of competing minibuses.
Gretel Gomez, commercial director for the state-run concern that handles transportation for tourists, said officials plan to add more double-decker buses by the end of the year.
COIn the second phase, double-deckers would be plying on DubaiCOs internal roads from early next year.
The new double-decker bus emits less exhaust gas than the previous model and is more fuel-efficient.
The RTA will operate 15 double-decker buses in the next few months as part of its plan to increase the number of buses operating between the two vital cities.
The A380 is now not expected to start deliveries until the last quarter of 2007, two years late, as engineers work to fix problems in wiring the mammoth double-decker plane.
In retrospect, I don't remember the actual reason I was summoned that day, but I vividly recall my discovery of the unseen aesthetic value of double-decker TVs.
ON THE BUSES: Irish stuntman Patrick Condren; INTER THE UNKNOWN: Patrick Condren's stunt in which a double-decker bus jumps 200 metres into the air in the film Intermission
Signature Special Events will be erecting structures, canopies and a double-decker tent covering 120,000-square feet, and will lay some 70,000-square feet of flooring.
Lahore -- Punjab Chief Minister Mohammad Shehbaz Sharif inaugurated the first tourist double-decker bus service in the history of the country at Punjab Stadium Lahore on Wednesday.
LAHORE -- Chief Minister Punjab Mohammad Shahbaz Sharif inaugurated on Wednesday Pakistan's first double-decker bus service for tourists in the city.