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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.

 
 Embedded terms in definition
 Call
Expiration date
Expiration
Put
Stock
Straddle
Strap
Strike price
Strip
 
 Related Terms
 Strap

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