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In finance, a ladder, also known as a Christmas tree, is a combination of three options of the same type (all calls or all puts) at three different strike prices. [1] A long ladder is used by traders who expect low volatility , while a short ladder is used by traders who expect high volatility.
Eaton Centre Christmas Tree 2006.JPG 389 × 518; 211 KB Eggs-on-christmas-lights.jpg 508 × 664; 38 KB Father Christmas cartoon, Punch magazine, 24 December 1919.jpg 1,300 × 786; 522 KB
Christmas tree decorated with lights, stars, and glass balls Glade jul by Viggo Johansen (1891), showing a Danish family's Christmas tree North American family decorating Christmas tree (c. 1970s) A Christmas tree is a decorated tree, usually an evergreen conifer , such as a spruce , pine or fir , or an artificial tree of similar appearance ...
A decorated Christmas tree stands in the snow-covered landscape shortly before sunrise in the village of Unterjoch. (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images)
This year, the average price of a Christmas tree is up 10% from 2022, with each tree costing around $80 to $100. SolStock/istockphoto How Many Real Christmas Trees Are Sold in the U.S.
An image of the British royal family with their Christmas tree at Windsor Castle created a sensation when it was published in the Illustrated London News in 1848. A modified version of this image was published in Godey's Lady's Book, Philadelphia in 1850. [79] [80] By the 1870s, putting up a Christmas tree had become common in America. [79]
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