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Strip
StripVariant 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. RELATED TERMS-------------------------------------- Straddle Purchase or sale of an equal number of puts and calls with the same terms at the same time. Strip Variant 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. Call An option that gives the holder the right to buy the underlying futures contract. Stock US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products. SIMILAR TERMS-------------------------------------- Strike index For a stock index option, the index value at which the buyer of the option can buy or sell the underlying stock index. STRIKE Oil Limited STRIKE Oil Limited is a large Australian company in the field of energy. Their Australian Stock Exchange (ASX) code is STX. Strike price The stated price per share for which underlying stock may be purchased (in the case of a call) or sold (in the case of a put) by the option holder upon exercise of the option contract. Striking price The price at which an option can be exercised. Striking price intercal The distance between striking prices on a particular underlying security. Strip mortgage participation certificate (strip PC) Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages. STRIP STEEL COMMUNITY Credit Union STRIP STEEL COMMUNITY is a credit union with head office in WEIRTON, WV Stripped bond Bond that can be subdivided into a series of zero-coupon bonds. Stripped mortgage backed securities (SMBS) Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors. Stripped yield Applies mainly to convertible securities. Return on the debt portion of a bond-warrant unit after subtracting the value of the issued warrant segment. PREVIOUS AND NEXT TERMS-------------------------------------- Street name Registration under which securities maybe held by a broker on behalf of a client but be registered in the name of the Wall Street firm. Strike index For a stock index option, the index value at which the buyer of the option can buy or sell the underlying stock index. Strike price The stated price per share for which underlying stock may be purchased (in the case of a call) or sold (in the case of a put) by the option holder upon exercise of the option contract. Striking price The price at which an option can be exercised. Striking price intercal The distance between striking prices on a particular underlying security. Strip Strip mortgage participation certificate (strip PC) Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages. Stripped bond Bond that can be subdivided into a series of zero-coupon bonds. Stripped mortgage backed securities (SMBS) Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors. Stripped yield Applies mainly to convertible securities. Return on the debt portion of a bond-warrant unit after subtracting the value of the issued warrant segment. Strong currency A currency whose value compared to other currencies is improving, as indicated by a decrease in the direct exchange rates for the currency. We thank you for using the Financial Dictionary to search for Strip. If you have a better definition for Strip than the one presented here, please let us know by making use of the suggest a term option. This definition of Strip may be disputed by other professionals. Our attempt is to provide easy definitions on Strip and any other medical topic for the public at large.
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