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Glossary   >   S   >   "Strap" Definition            Strap An options strategy created by being long in one put and two call options, all with the exact same strike price. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Strap - An options strategy created by being long in one put and two call options, all with the exact same strike price.