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option contract combining one put option and two call options of the same series, which can be bought at a lower total premium than that of the three options bought individually. The put has the same features as the calls—same underlying security, exercise price, and maturity. Also called triple option. Compare with Strip.

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1. A metal plate placed across the junction of two or more timbers to which it is bolted or screwed.
2. See tie beam, 1.
3. See pipe strap.
4. A metal component designed to join a truss and wall plate to a wall.

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An options strategy created by being long in one put and two call options, all with the exact same strike price, maturity and underlying asset. Also referred to as a "triple option".

Investopedia Says:
A strap option is used when a trader believes that the future price movement of the underlying security will be large and more likely up than down. By adding two call options the trader has a large gain if he or she is right about the large upward movement. But if the forecast is wrong and the price has a large reversal, the trader is protected by the put option.

Related Links:
An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. Options Basics Tutorial
This strategy allows you to stop chasing losses when you're feeling bearish. Bear Put Spreads: A Roaring Alternative To Short Selling
If you're bearish, you should compare the risk/reward characteristics of these two strategies. Profiting From Stock Declines: Bear Put Spread Vs. Long Put
In this strategy, traders cash in when the underlying security rises - and when it falls. Profit On Any Price Change With Long Straddles
These option strategies allow traders to play on earnings announcements without taking a side. Profit From Earnings Surprises With Straddles And Strangles

n. an athlete, not necessarily male. (From jockstrap.)  The guy's a strap all right, but he's not dumb.

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IN BRIEF: A narrow, usually flat, strip of a flexible material used for fastening, holding together, or wrapping.

A leather strap held the trunk shut.

LearnThatWord.com is a free vocabulary and spelling program where you only pay for results!

For a list of words related to strap, see:

• Building and Machine Parts - strap: narrow, flexible band of leather or fabric that binds or secures objects
• Parts of Shoes and Accessories - strap: cord of leather or cloth used to hold shoe on foot
• Garment Parts - strap: flat strip of material for securing, binding, or supporting
• Fasteners - strap: loop or strip of flexible material

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See words rhyming with "strappy."

  See crossword solutions for the clue Strap.

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

Dansk (Danish)
n. - strop, rem, spændebøjle, laske
v. tr. - fastspænde, prygle med rem, stryge

idioms:

• strapped for cash    stramt med penge

Nederlands (Dutch)
vastbinden, afranselen, gordel, band

Français (French)
n. - (gén) bande, bride, courroie, bracelet, bandoulière, poignée, bretelle, (Tech) courroie, (Méd) chevillère, poignet de contention, le fouet
v. tr. - attacher (qch) à, (Méd, Sport) bander, fouetter (arch)

idioms:

• strapped for cash    à court d'argent

Deutsch (German)
n. - Riemen, Träger, Band
v. - festschnallen, mit dem Riemen züchtigen

idioms:

• strapped for cash    in Geldnöten

Ελληνική (Greek)
n. - ιμάντας, λουρί, λωρίδα, ταινία, χαλινός, τελαμώνας, αορτήρας
v. - στερεώνω με λουρί, δέρνω με λουρί, ακονίζω σε λουρί, περιδένω (διάστρεμμα κ.λπ.)

idioms:

• strapped for cash    είμαι απένταρος

Italiano (Italian)
legare, cinghia, cintura

idioms:

• strapped for cash    a corto di fondi

Português (Portuguese)
n. - correia (f), alça (f), contrato de opção (Econ.)
v. - segurar, amarrar

idioms:

• strapped for cash    sem dinheiro

Русский (Russian)
ремень, полоска материи или металла, полоска пластыря, завязка, штрипка, бретелька, ременная петля, погон, связывать, скреплять ремнем, пороть ремнем, накладывать пластырь, энергично работать

idioms:

• strapped for cash    без гроша

Español (Spanish)
n. - tira, cinta, correa, cinturón
v. tr. - atar, sujetar, amarrar, ligar

idioms:

• strapped for cash    apretado, escaso de dinero

Svenska (Swedish)
n. - rem, tamp, stropp, plåsterremsa, spännband, förstärkningsjärn, bladskiva
v. - fästa, spänna fast, prygla med rem, strigla

中文（简体）(Chinese (Simplified))
带, 皮带, 用皮带捆扎

idioms:

• strapped for cash    缺乏现金

中文（繁體）(Chinese (Traditional))
n. - 帶, 皮帶
v. tr. - 用皮帶捆紮

idioms:

• strapped for cash    缺乏現金

한국어 (Korean)
n. - 가죽 끈, 가죽 손잡이
v. tr. - 가죽 끈을 잡아매다, ~을 채찍질하다

日本語 (Japanese)
n. - 革ひも, ひも, つり革, 革砥, むち打ち
v. - ひもで縛る, 革ひもで打つ, 包帯する

العربيه (Arabic)
‏(الاسم) سير, حزام, شريط (فعل) حزم, ربط, جلد بسوط‏

עברית (Hebrew)
n. - ‮רצועה, סרט, כתפייה‬
v. tr. - ‮הידק ברצועה, חבש, הלקה ברצועה‬

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