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 ?
The explosive growth of PVC fences, even at a price premium to wood, isn't lost on the makers of wood-composite decks and rails.
In addition to these recent accolades, Superior Fence & Rail's corporate office in Jacksonville has been honored with multiple honorary citations, including a Top Minority Owned Business, Fastest Growing Business and a Top Veteran Owned Business.
So on the surface, standard fences should have little impact on deer movement.
Goats have hollow hair shafts that help them withstand moderate heat and cold (and also insulate them from the shocks that electric fences can deliver), but their coats don't provide protection from severe temperatures or heavy rain.
Then there are stone fences, the Robert Frost kind.
"There are a variety of boundary treatments in the area including fences of a similar height.
The landing side of Becher's Brook (fence six on the first circuit and 22 on the second) will be re-profiled to reduce the current drop (that is the difference in height between the level of the ground on takeoff and landing) by between 4 inches (10cm) and 5 inches (12.5cm) across the width of the fence.
. Like all wooden products, fences should be sourced from responsibly managed forests - look out for the Forest Stewardship Council (FSC) logo.
Every construction site on which the earth must be excavated or otherwise disturbed has one or several such fences, but their function often is misunderstood.
But having a fence isn't always the be-all, end-all solution that it seems to be.
THE START: I liked to show the horse the first fence and then most jockeys would wish each other luck - not something you'd normally do!