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Ladder (option combination) 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.
Elected Leader. Edward Heath. The 1965 Conservative Party leadership election was held in July 1965 to find a successor to Alec Douglas-Home . It was the first time that a formal election by the parliamentary party had taken place, previous leaders having emerged through a consultation process. This procedure had fallen into disrepute following ...