Glossary entry

English term or phrase:

pull the strikes up

English answer:

increase the strike prices

Added to glossary by Laura Vinti
Jun 11, 2017 21:12
6 yrs ago
English term

pull the strikes up

English Bus/Financial Finance (general) Credit market
We used the extremely low volatility observations to pull the strikes of our put option hedges up to account for the higher market levels.

Can anyone help me decode this sentence?
Many thanks!

Responses

+4
25 mins
Selected

increase the strike prices

"In finance, the strike price (or exercise price) of an option is the fixed price at which the owner of the option can buy (in the case of a call), or sell (in the case of a put), the underlying security or commodity."
Peer comment(s):

agree Jacek Kloskowski
1 hr
agree Henk Sanderson
9 hrs
agree Yasutomo Kanazawa
13 hrs
agree Yvonne Gallagher
13 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
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