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Glossary > S > "Strip, strap" Definition

Strip, strap

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.

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Strip, strap - 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.

Strip, strap : 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.