FT MarketWatch

Strap

An option Contract created by being Long in one put Option and two Call options with the same Underlying security, strike price, and Maturity date. The Contract can usually be bought at a lower total premium than the three options could be individually. also called a triple option.

Related Terms: 15 Call, Contract, Call option, ECU, Long, Low, Maturity, Maturity date, Option, Owe, Option contract, Put, Put option, SEC, Underlying security
Other Related Pages: Category: Options Starting With: S
Semi Related Terms: 502 CLICK HERE TO VIEW
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