A striped racer, also known as the California whipsnake, is a species of non-venomous snake native to the coast and foothills of California. It is a long, slender, and fast-moving snake, identified by its distinctive stripes running down the length of its body. They primarily feed on lizards and small rodents. The scientific name for this species is Masticophis lateralis.
Underlying stock
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(FINANCE) a stock whose price movements determine the value of a [financial derivative]. For example, when a hedge fund manager writes a [call option] for Citigroup ([NYSE]:C) at 4.25/share, C is the underlying stock.
Underlying can be used to refer to other things besides stocks; for example, commodities, currencies, or bonds.
Underlying stock meaning & definition 1 of Underlying stock.
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Underlying stock meaning & definition 2 of Underlying stock.
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