Double

(redirected from doubled)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 ?
(This in a market that has risen incrementally for years and has not exhibited cyclicality.) By contrast, shipments of rewritable CD-RW have doubled recently.
Principal actors seldom doubled, he proves on the basis of existing evidence.