Variable Ratio Write


An option strategy in which the investor owns 100 shares of the underlying security and writes two call options against it, each option having a different striking price.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day


Order ticket that shows the stock, price, number of shares, type, and account of the order. Origin: Practice of placing the ticket on a metal spike upon execution or cancellation. Spike is also a... Read More

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