strangle
/ˈstɹeɪ̯ŋɡəl/ noun C2- A trading strategy using options, constructed through taking equal positions in a put and a call with different strike prices, such that there is a payoff if the underlying asset's value moves beyond the range of the two strike prices.
Plural strangles
From the library
The Serpent had the advantage, and was about to strangle the bird.
It is very easy,” he went on with a smile; “I will remain here, rush on the first person that opens the door, strangle him, and then they will guillotine me.”
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