Long Strangle

LegTradeOptionLotsStrike
L1BUYPUT1ATM - 2
L2BUYCALL1ATM + 2
Strategy Details
NameLong Strangle
TypeTwo-Leg Debit
DescriptionBuy an OTM call and an OTM put to profit from large price movements.
OutlookExpecting high volatility
Max ProfitUnlimited on upside; substantial on downside
Max LossLimited to total premium paid
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