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Combination matching |
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Combination matchingAlso called horizon-matching, a variation of multiperiod immunization and cash flow-matching in which a portfolio is created that is always duration-matched and also cash-matched in the first few years.Combination matching Similar MatchesCovered combinationCovered combinationA strategy in which one call and one put with the same expiration, but different strike prices, are written against each 100 shares of the underlying stock. Example: writing 1 XYZ Jun 50 call and 1 XYZ Jun 55 put, and buying 100 shares of XYZ stock. In actuality, this is not a fully 'covered' strategy because assignment on the short put would require purchase of additional stock. Calendar Straddle or CombinationCalendar Straddle or CombinationSee Calendar Spread. Ratio Calendar CombinationRatio Calendar CombinationA strategy consisting of a simultaneous position of a ratio calendar spread using "calls" and a similar position using puts, where the striking price of the "calls" is greater that the striking price of the "puts". Combination orderCombination orderSee: Alternative order Combination bondCombination bond+ A bond backed by the government unit issuing it as well as by revenue from the project that is to be financed by the bond. Further SuggestionsCombinationcombination Combination strategy Business combination Combination annuity |
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