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...
A retired astronomer in Tucson, Arizona, is curious about the expression What are the odds? The idea of odds meaning “the likelihood of something occurring,” goes back to the idea of odds and evens and something odd being the thing that’s different...