fence

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Fence

A position in which an investor is long (or short) on an out-of-the-money put, long (or short) on an opposite out-of-the-money call in addition to being long (or short) on the underlying asset. Both options have the same expiration date. A fence position sets a floor and ceiling for the underlying asset and limits potential losses for the investor. It is often used by traders in farm commodities.

fence

An investment position consisting of being long (or short) a stock or commodity, being long (or short) an out-of-the-money put, and being short (or long) an out-of-the-money call. Both options have the same expiration date.
References in periodicals archive ?
19) While globalization is creating a fenceless world, many churches are building confessional fences as a way of self-affirmation.
The organization's fenceless gardens allow people to pick food for free at any time, day or night, without compromising their dignity.
Shuttleworth, powered by Pro Mach, is a premier manufacturer of material handling solutions, and the company will showcase its collaborative conveyor with the innovative fenceless technology featuring the FANUC LR Mate 200iD robot during Pack Expo 2016, November 6-9 at McCormick Place in Chicago, Illinois.
To the Lomax children, the fenceless backyard was ripe for exploration, and it funneled them right to the yards of their neighbors.
THE fenceless design of a refurbished children's playground in Exhall has been labelled "a joke.
It offers custom systems, material handling, vision scanning, controls, the Ripmaster optimizing fenceless ripsaw feeder, the Talon optimizing cutoff saw, blower fans, hydraulic power units plus an extensive inventory of components.
NEWHALL -- Newhall Park doesn't bear any resemblance to Coors Field, not with the fenceless outfield and tall trees off in the distance.
Matters have been further complicated by the proliferation of HIV/AIDS in the open, fenceless camp.
But we have grown up, haven't we - we do not kill animals for sport today, apart, that is, from the odd de fenceless stag, pheasant, fox or badger.
Karl Isler, head of Operations Research and Strategy at the revenue management and pricing department of Swiss International Airlines, will talk about Fenceless Fare-Structures, Revenue Management Systems, and the New Role of the Analyst.
NATC is seeking the Fenceless Fanuc LR Mate 200iD Fenceless Scanner Arm Cart components outlined in the Bid Specification form.