Buying a call option and a put option on the same underlying security with different strike prices and the same expiration date to profit from a significant price move in either direction. Description: A long strangle is an options strategy that involves buying a call option and a put option on the same underlying security […]

Summary Simultaneously buying a call option and a put option on the same underlying security with the same strike price and expiration date to profit from a significant price move in either direction. Description A long straddle is an options strategy that involves simultaneously buying a call option and a put option on the same […]