STRIP¸ STRAP


Meaning of STRIP¸ STRAP in English

Variants 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. In both cases, the puts and calls have the same strike price and expiration date .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.