When an investor holds a position in both call and put options on the same asset. There are various types of combination spreads, including straddles and stran···

An option strategy that involves the simultaneous sale of an out-of-the-money call and a put with the same expiration date on a security owned by the investor.···

A bond, typically a municipal bond, that has financial backing from two sources: the issuing agency and the revenue from an existing or proposed source that wi···