Long Strangle
| Leg | Trade | Option | Lots | Strike |
|---|---|---|---|---|
| L1 | BUY | PUT | 1 | ATM - 2 |
| L2 | BUY | CALL | 1 | ATM + 2 |
Strategy Details
| Name | Long Strangle |
| Type | Two-Leg Debit |
| Description | Buy an OTM call and an OTM put to profit from large price movements. |
| Outlook | Expecting high volatility |
| Max Profit | Unlimited on upside; substantial on downside |
| Max Loss | Limited to total premium paid |






