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Strip
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Strip
(1) A
sequence
of options of the same type usually covering non-overlapping time periods. Also called
Tandem Options
. (2) A
combination option
consisting of two puts and one call, all
short
or all
long
. (3) A series of
forward rate
agreements. See also
Average Price or Rate Option (APO, ARO)
(diagrams), Combination Option.
Glossary
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