Double

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Related to two-base hit: Extra base hit

Double

The purchase of a call and a put on the same underlying asset with the same strike price and the same expiration date. A double enables one to profit from whatever price movement the underlying takes. That is, if the price goes up, the holder exercises the call, and if it goes down, he/she exercises the put. If one of the options is in the money, the other must be out of the money.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Rogers Hornsby clubbed 405 during the 1920s, Charlie Gehringer hit 400 during the 1930s, and Todd Helton totaled 431 two-base hits in the 2000s.
During his career, Barry Bonds clubbed 601 doubles and never led the National League in two-base hits. Bonds' single-season high was 44 in 1998.
During his 21 years in the major leagues, Dawson clubbed 503 two-base hits.
In 1910, Lajoie hit 51 doubles for the Indians which stood as the major league record until 1912 when Tris Speaker of the Red Sox totaled 53 two-base hits.