Code and Combination

noun

• A set of rules or principles or laws (especially written ones.
  • synonyms: codification
• A coding system used for transmitting messages requiring brevity or secrecy.
• Computer science. ( the symbolic arrangement of data or instructions in a computer program or the set of such instructions)
  • synonyms: computer code

verb

• Attach a code to.
  • usage: "Code the pieces with numbers so that you can identify them later"
• Convert ordinary language into code.
  • usage: "We should encode the message for security reasons"
  • synonyms: encipher, cipher, cypher, encrypt, inscribe, write in code

• (n.) A body of law, sanctioned by legislation, in which the rules of law to be specifically applied by the courts are set forth in systematic form; a compilation of laws by public authority; a digest.
• (n.) Any system of rules or regulations relating to one subject; as, the medical code, a system of rules for the regulation of the professional conduct of physicians; the naval code, a system of rules for making communications at sea means of signals.

noun

• A collection of things that have been combined; an assemblage of separate parts or qualities.
• A coordinated sequence of chess moves.
• A sequence of numbers or letters that opens a combination lock.
  • usage: "he forgot the combination to the safe"
• A group of people (often temporary) having a common purpose.
  • usage: "they were a winning combination"
• An alliance of people or corporations or countries for a special purpose (formerly to achieve some antisocial end but now for general political or economic purposes. )
• The act of arranging elements into specified groups without regard to order.
• The act of combining things to form a new whole.
  • synonyms: combining, compounding

• (n.) The act or process of combining or uniting persons and things.
• (n.) The different arrangements of a number of objects, as letters, into groups.
• (n.) The act or process of uniting by chemical affinity, by which substances unite with each other in definite proportions by weight to form distinct compounds.
• (n.) The result of combining or uniting; union of persons or things; especially a union or alliance of persons or states to effect some purpose; -- usually in a bad sense.

Applies to derivative products. Arrangement of options involving two long or two short positions with different expiration dates or strike (exercise) prices. See: Straddle.