double straddle
The term "double straddle" has distinct meanings in poker, finance, and gymnastics, each involving a layered or advanced form of an initial action.
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Definition
B2Poker
(technical, informal)A blind bet made after a player has already straddled, typically twice the value of the original straddle.
Example
- After John placed a $5 straddle, Sarah made a $10 double straddle.
C1Finance
(technical, formal)An options strategy involving both a call and a put at one strike price and another set at a different strike price or expiration date.
Example
- The trader used a double straddle to hedge against significant market volatility.
B2Gymnastics
(technical, sports)A position or move where the legs are spread wide apart in a straddle, followed by another straddle, often involving complex transitions.
Example
- Her routine included a challenging double straddle on the balance beam.
Similar
Terms that have similar or relatively close meanings to "double straddle":
double overstrap ondouble stealdouble tackledouble upflat strapdouble down