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 ?
Dr Steven Mitchell, a research scientist leading the work on strippable coatings, said: "Ultimately, what we'd like to create is a coating that changes colour to indicate it's been contaminated, decontaminates itself, then returns to the original colour when it's clean.
Because Tara is water-based, the manufacturer says, it is easily strippable, giving OEMs another advantage and "environmentally friendly" option to recycle shielded plastic parts.
Wallpapers and borders are pre-pasted, washable and strippable.
As a result, there is a relatively fight pricing relationship between a strippable Treasury security and its stripped components.
When enough episodes have been accumulated some shows may even have a backend life and be strippable.
Treasury has issued its TIPS in strippable form, it is logical to expect a number of structured derivative products to appear.
strippable coal deposits in the west - had their asset values increased.
The collection contains numerous borders, and will be strippable and scrubbable.
With strippable papers, pull down--not at right angles to the wall.
Wyoming's remaining strippable reserve base is estimated to be 1,600 Mt and identified resources remaining to a depth of 1,800 m in Colorado are 54,000 Mt.
Spray poly strippable coating was applied to asbestos work-area floors and walls to isolate and seal the contaminated work area from clean, occupied areas of the building.
Every Winchester Model 70 has a field strippable firing pin that at the push of a button can be simply removed for inspection to insure that no ice or debris has accumulated to ruin that special shot.