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 ?
The output DC voltage [V.sub.out] is connected to [V.sub.DD] of the op-amp meaning the proposed doubler circuit is self-biasing the incorporated active element.
"Everyone in retirement is afraid of running out of money," says Bernie Moritz, a Somerset Wealth Strategies client who lives in Traverse City Mich., who with his wife bought three annuities with doublers in the last 18 months.
Doubler provides a unifying theme for these periods by detailing the ongoing tension between the citizen-soldier and the regular army.
Doubler's contribution runs counter to the somewhat damning interpretation of muddled U.S.
Mansoor's The GI Offensive in Europe: The Triumph of American Infantry Divisions, 1941-1945 (1999) takes Doubler's work a step further by examining the performance of US infantry divisions.
They reached the final with a 24-16 win over defending champions Teesside Steelers and Doubler, from Llanishen, Cardiff, said, ``Having lost in the last five minutes of last year's semi-final, that was a brilliant win for us.
A new "plug & go" hardware device, Station Doubler, from Support Systems International Corp., allows two users with separate keyboards and monitors to share a PC.
La suite n'apportera rien de nouveau, meme si Nadji etait tout pres de doubler la mise a la 38'.
Paul Doubler, spokesman for the Balmoral Fund, said: "We are a small group who are desperately trying to save the ship and have her sailing from the end of Penarth Pier and many other piers and harbours next year.
C'est mon conflit interne parce qu'a la fois on me demande de le doubler. J'essaye de trouver une solution.