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. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • strap — 1. A strip of adhesive plaster. 2. To apply overlapping strips of adhesive plaster. [A.S. stropp] * * * strap strap n a flexible band or strip strap vt, strapped; strap·ping 1) to secure with or attach by means of a strap …   Medical dictionary

  • Strap — Strap, n. [OE. strope, AS. stropp, L. stroppus, struppus, perhaps fr. Gr. ? a band or cord, fr. ? to twist, to turn (cf. {Strophe}). Cf. {Strop} a strap, a piece of rope.] 1. A long, narrow, pliable strip of leather, cloth, or the like;… …   The Collaborative International Dictionary of English

  • Strap bolt — Strap Strap, n. [OE. strope, AS. stropp, L. stroppus, struppus, perhaps fr. Gr. ? a band or cord, fr. ? to twist, to turn (cf. {Strophe}). Cf. {Strop} a strap, a piece of rope.] 1. A long, narrow, pliable strip of leather, cloth, or the like;… …   The Collaborative International Dictionary of English

  • Strap head — Strap Strap, n. [OE. strope, AS. stropp, L. stroppus, struppus, perhaps fr. Gr. ? a band or cord, fr. ? to twist, to turn (cf. {Strophe}). Cf. {Strop} a strap, a piece of rope.] 1. A long, narrow, pliable strip of leather, cloth, or the like;… …   The Collaborative International Dictionary of English

  • Strap hinge — Strap Strap, n. [OE. strope, AS. stropp, L. stroppus, struppus, perhaps fr. Gr. ? a band or cord, fr. ? to twist, to turn (cf. {Strophe}). Cf. {Strop} a strap, a piece of rope.] 1. A long, narrow, pliable strip of leather, cloth, or the like;… …   The Collaborative International Dictionary of English

  • Strap rail — Strap Strap, n. [OE. strope, AS. stropp, L. stroppus, struppus, perhaps fr. Gr. ? a band or cord, fr. ? to twist, to turn (cf. {Strophe}). Cf. {Strop} a strap, a piece of rope.] 1. A long, narrow, pliable strip of leather, cloth, or the like;… …   The Collaborative International Dictionary of English

  • strap´like´ — strap «strap», noun, verb, strapped, strap|ping. –n. 1. a narrow strip of leather or other material that bends easily: »the straps of a wheel or pulley, to beat someone with a strap. SYNONYM(S): thong …   Useful english dictionary

  • strap — ► NOUN 1) a strip of flexible material used for fastening, securing, carrying, or holding on to. 2) a strip of metal, often hinged, used for fastening or securing. 3) (the strap) punishment by beating with a leather strap. ► VERB (strapped,… …   English terms dictionary

  • strap — [strap] n. [dial. form of STROP] 1. a narrow strip or band of leather or other flexible material, often with a buckle or similar fastener at one end, for binding or securing things 2. any flat, narrow piece, as of metal, used as a fastening 3.… …   English World dictionary

  • strip — ‘narrow piece’ [15] and strip ‘remove covering’ [13] are distinct words. The former was perhaps borrowed from Middle Low German strippe ‘strap’, and may be related to English stripe [17], an acquisition from Middle Dutch strīfe. A stripling [13]… …   The Hutchinson dictionary of word origins


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