1. What is a Strangle 2. Benefits and Drawbacks 3. How to extract more profit through strangles? 4. How to adjust them when in loss? 5. Videos on Positional Strangles 6. Vix Correlation
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1/ What is a Strangle?
Selling OTM CE & OTM PE of the same instrument you are trading.
Look at the picture below for an example of a short strangle in current weekly options.