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Texas hedge
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Texas hedge : ウィキペディア英語版
Texas hedge

A Texas hedge is a financial hedge that increases exposure to risk. An example would be hedging the purchase of a call option by buying shares of the same underlying. Although controversial, some investors have recently begun to adopt this strategy, such as John "Tom" Flanagan.
== Origin ==
The origin of the expression is slightly unclear. However, there are two competing theories among traders. One school of thought says that it refers to the saying 'Everything is bigger in Texas' because Texas hedging increases risk. The most reasonable explanation is that the Texas hedge refers to Texan cattle ranchers who might buy cattle futures contracts while already owning cattle, thereby doubling their risk exposure.〔See CME Group's "Self-study Guide to Hedging with Livestock Futures and options," p. 28 ()〕

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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