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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 ?
Gail Damerow is the author of Fences for Pasture and Garden, available from Countryside Bookstore.
For example, barbed wire and chain-link fences are allowed under the current code but city leaders on Tuesday considered banning them.
When the police tried to put the fences back up, demonstrators sat on the fences and chanted, "Food not bombs, homes not jails" and "Your fences are offensive.
Recent Industry Activity II-10 OrePac Acquires Distribution Yards of Welco Lumber II-10 Best Vinyl Fence Completes Acquisition of Saddleback Vinyl Products II-10 Transfer Technology Signs LOI for Acquiring Rhino Wall Systems II-10 U.
8220;People don't realize how difficult it can be to install a fence during the winter months,” says Tony Defeo, owner of Total Fence Inc.
When animals like goats impact a fence the first major damage will be the movement of the stay wires and an opening of the fabric occurs, the larger the hole becomes, the less effective the fence is.
The city's 81-year-old law bans front-yard walls or fences from 15 to 25 feet from the front edge of a property, but it went unenforced for years.
Steve Sadinsky, President of Guardian Pool Fence Systems, stated, "We have been aware of Invisa's unique sensing technology for a number of years now, and are very excited about the opportunity to partner with Invisa.
The global fencing market is segmented based on product type into two major categories namely - agricultural wire fence and commercial wire fence.
Though the ordinance has been on the books for decades, no one paid much attention until a wave of newcomers began erecting a hodgepodge of fences of different sizes and styles.
the world's leading distributor and manufacturer of perimeter security and fencing, sponsored 20 students who attended the American Fence Associations' (AFA) Field Training School, in Tulsa, Oklahoma October 28 - November 4, 2005.
com)-- Long[R] Fence is honored to provide support for two military events during this holiday season—the United States Marine Corps Toys for Tots Campaign and the Military Bowl college football match between the US Air Force Academy and the University of Toledo.