Long Strangle

From iOptioneer - an advanced option trading reference for iPhone

Similar to the straddle, but the call and put strikes are not the same, the call strike is higher than the put. Essentially works the same as the straddle, but costs less and it takes larger moves to break even or see a profit.

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The screenshot shows the following portfolio:

Volume

Instrument

1

European call struck at 11.000 with expiry in 30 days

1

European put struck at 10.000 with expiry in 30 days

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