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 ?
"This sport is an inclusive sport - not just for the able-bodied but also for those with disabilities, including those with autism and ADHD and fencers with not just physical disabilities.
She came 16th out of 150 fencers at that tournament.
GLOVE Metal fibers in the fencer's glove conduct electricity between the saber and the metallic outfit.
Before a bout, whether it's in practice or a tournament, fencers salute each other and the referee.
RICHARD MICHELL, a 17-year-old fencer from Bickerstaffe, made a promising GB debut, at a celebrated German cadet international tournament in Bonn.
"Every day at practice, we spend four hours with each other; we're helping each other, telling each other what to do and how to do things," said junior foil fencer Alexander Chiang.
Fencer in a bout must know, when and how to apply a given action.
BOLTON -- Grace Ding, 15, of Bolton, is a highly ranked national fencer, who currently attends the Advanced Math and Science Academy (AMSA) Charter School in Marlboro as a sophomore.
LOUISE Bond-Williams was the first to admit her World Championships report card would read 'must do better' and the Stratford fencer has vowed to do exactly that in the run up to London 2s 012.
The first thing you'll need to build your electric fence is a good charger, or "fencer" as it's commonly called.
"The top British epee fencer now lives in Germany and that's what David needs as well if he is going to really progress."
The 14-year-old fencer has been impressing in competitions and has beaten several adults.