Long Guts
| Leg | Trade | Option | Lots | Strike |
|---|---|---|---|---|
| L1 | BUY | CALL | 1 | ATM - 2 |
| L2 | BUY | PUT | 1 | ATM + 2 |
Strategy Details
| Name | Long Guts |
| Type | Two-Leg Debit |
| Description | Buy an ITM call and an ITM put to profit from a significant move in either direction. |
| Outlook | Expecting high volatility |
| Max Profit | Unlimited on the upside; substantial on the downside |
| Max Loss | Limited to the total premium paid |






