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.
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References in periodicals archive ?
This position and later philosophical assumptions are set in contrast with the theme of doubleness discussed above.
Threading through all of these is its organizing principle of doubleness, manifest in the life of a couple.
This, though it may happen in an instant, is a fundamental reorganization, creating a doubleness where singleness should be.
There is a doubleness in autoethnographic work, and indeed, to engage in autoethnography as Holman Jones (2005, p.
His doubleness of vision and hearing, the paralyzing awareness of how he seems to those he speaks to, incorporates something absolutely vital to human integrity, the knowledge that I do not coincide with myself, that who and what I am is significantly out of my control.
Keith Gandal, in a recent book, writes of "Gatsby's famous doubleness ...
Flashback: About one year earlier, I am confronted with a different sort of doubleness at the Black Playwrights Convening for the American Voices New Play Institute at Arena Stage, hosted in Washington, D.C., by Georgetown University.
If El villano en su rincon aims to transcend the "radical dualism" inherent in the conception of the king's two bodies (30), in El Rey Don Pedro en Madrid y el Infanzon de Illescas, the focus of chapter two, the "doubleness of the king crystallizes as a hybrid that is truly monstrous" (102).
Her reading of Duchess of Malfi, for instance, shows how Webster finds in the Duchess's pregnant body a set of figures (doubleness, circularity) that trouble the linear, phallic thrust of masculinist tragedy.
In "The Heart of It" the speaker cries out: What language shall I borrow to speak this doubleness of clinging and letting go?