spreader
n.— «Another trader sounded more sanguine: “Big orders executed in a rapid fashion, coupled with spreaders there to help absorb some of the volatility, creates extreme swings.” A spreader is someone who simultaneously buys and sells two different futures contracts, seeking to profit on a change in the difference in price.» —“CBOT wheat volatility vexes analysts, irks traders” by Julie Ingwersen in Chicago Guardian (United Kingdom) Feb. 28, 2008. (source: Double-Tongued Dictionary)
Further reading
In the 1940s, the slang phrase You shred it, wheat! was used to express complete agreement with something, a punning variation of You said it! The phrase was sometimes also used as a retort meaning “Figure it out yourself.” This is part of a...
Joe, a retired astronomer in Tucson, wonders where odds in What are the odds? comes from. It traces back to odd as the opposite of even: if one stack of coins differs from otherwise equal stacks, it is the odd one. From that sense of difference or...