Strip

(redirected from strip off)
Also found in: Dictionary, Thesaurus, Medical, Idioms, Encyclopedia.

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
``But he made me strip off and I had cane marks from the back of my neck to the bottom of my legs just because I wouldn't apologise.''
I've done a few bed scenes but if I were ever asked to strip off I'd say: `No way'."
If I'm in her room or whatever, she'll strip off and look amazing, but if I go to strip off, she'll pull a funny face."
London May 20 (ANI): Katie Green has laid down some exotic vacation plans to strip off for an all over tan.
And don't worry if you are a bit shy but fancy giving zorbing a go you don't have to strip off.
BRITNEY Spears, above, has pulled out of plans to pose for an anti-fur advertisement and claimed she had never intended to strip off for the campaign.
Internationals, including Rob Howley, Dai Young and Rhys Williams, were asked to strip off and pose for the NSPCC's "Fire of the Dragon/Tan y Ddraig Calendar" 2002 to raise money for its Full Stop campaign.
It simply read: "Democrats and Republicans pose nude, meet at the corner of Wall Street and Broadway, 7am." Nearly 50 politically incorrectly dressed exhibitionists agreed to strip off, lie back and think of America - no mean feat considering the chilly November air.
Niall, 19, wants his bandmates to strip off in the studio to ensure they truly do produce the Best Song Ever.
Although Kate's not afraid of going nude in front of the cameras, she fears that the skin-show is actually ruining her reputation.nd the Golden Globe-winning star has admitted that she might not ever strip off for a role again.
She told the Irish Mirror: "Everyone was a bit shaky at the start to strip off.