• In option trading, buying 2 calls and 1 put with same exercise price and maturity.
| ||Embedded terms in definition|
| ||Exercise price|
| ||Referenced Terms|
| ||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.|
| ||Related Terms|
| ||Strip, strap|
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