Long Guts

LegTradeOptionLotsStrike
L1BUYCALL1ATM - 2
L2BUYPUT1ATM + 2
Strategy Details
NameLong Guts
TypeTwo-Leg Debit
DescriptionBuy an ITM call and an ITM put to profit from a significant move in either direction.
OutlookExpecting high volatility
Max ProfitUnlimited on the upside; substantial on the downside
Max LossLimited to the total premium paid
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