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 ?
The median participating institution performed almost 12 times the number of POCT glucose tests (n = 105 948) as urine reagent strip tests (n = 9113), with almost 9 times the number of individuals performing the tests (glucose, 648; urine, 76).
Only glucose oxidase reagent strips (Chemstrip bG) were used to measure hourly arterial blood glucose concentrations.
Each urine sample was tested twice, once using the refractometer and once using the reagent strip.
Table 46: World 10-Year Perspective for Diabetes Testing Supplies by Product Segment - Percentage Breakdown of Dollar Sales for Blood Glucose Test Strips, Lancet, Lancet Device, Reagent Strip, and Blood Glucose Insta Glucose Markets for Years 2003, 2008 & 2012 (includes corresponding Graph/Chart) II-91
Multistix 10 SG reagent strips for urinalysis were obtained from Baeyer Australia.
The reagent strip test for urine leukocyte esterase, however, is fairly insensitive.
Tenders are invited for Reagent Strip For Urine Chemistry Albumin Sugar Pack Of 100 Strips
A group has prospectively measured blood beta-hydroxybutyrate levels by a reagent strip with serum ketone levels measured by the nitroprusside reaction in 19 patients with diabetic ketoacidosis.
Tenders are invited for Reagent Strip Combistix - Siemens, Bottle Of 100 Strips
A Specific gravity by reagent strip and refractometer are generally comparable [+ or -]0.
Its presence presents a problem because it interferes with several reagent strip tests by masking or obscuring the color reaction, leading to false-positive results.
15) Various studies have confirmed the performance of the reagent strip and shown that the number of false-positive and false-negative protein test results was significantly reduced by using the ratio.