Strip

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Strip

Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock. The puts and calls have the same strike price and expiration date. See: Strap.

Strip

A bearish investment strategy in which an investor holds two puts and one call on the same underlying asset with the same expiration date and strike price. An investor uses a strip when he/she believes that the price of the underlying will decrease substantially. If it does, the investor stands to make a substantial profit by exercising the puts. On the other hand, if the underlying increases in price, the investor will not suffer a substantial loss because the strike price of the call protects him/her. See also: Call backspread ratio, Strap.

strip

A combination of two put options and a call option. The buyer of a strip profits from large variations in the price of the underlying asset, especially if it is moving downward.
References in periodicals archive ?
Few studies estimated the force required to pluck the hair in normal healthy volunteers using a hand held trichotillometer.
After some previous rocky partnerships, Chocosol had found the perfect match in Pluck Tea.
Several of the students provided examples of objects that one might drag, while Luke provided a definition suitable for a dictionary: "to pull something behind you and it's touching the floor." Some of the students appeared to have some knowledge and perspectives for the words enter and pluck; those words are synonyms for words or phrases easily explained to children and have utility across genre, topics, and contexts.
When I pluck a bird, I can really do it justice in the kitchen as it stays moist during cooking.
"Pluck's social networking platform has helped us to harness the passion that our readers feel about everything we cover, from global crises to Boston sports to neighborhood personalities, and channel that passion into a dynamic and thriving online community," Robert Kempf, vice president of product for Boston.com, said in a statement.
"What we found in Pluck was a platform that allowed users to easily add all of those social media tools to their own websites and control them themselves," says Rosenblatt.
Pluck take us through Offenbach, William Tell, a Beatles medley, Pachelbel, Strauss, with three musicians fighting over two chairs, Ravel's Bolero, Stand by Me, with audience participation, all ending with a rare arrangement of Purple Haze for violin, viola and cello.
For students who have spent most of their college careers in the dance studios of NCSA, the Pluck Project, "de-mystifies the process of production," says Toia.
Using an antibody that binds to a protein found mostly on the surface of fetal cells, Bianchi and her colleagues showed in 1990 that they could pluck out a few of the precious cells floating in samples of a pregnant woman's blood.
It's something we've both spoken a lot about--that we wouldn't have the courage and pluck to do it."
"Wilflex provided inks for the textile industry as part of the Flexible Products Company back in the 1960s, and it became known as the first textile ink company to commercialize ink for garments," said Chris Pluck, product manager for PolyOne Corporation, who joined Wilflex in 1993.