Risk Reversal (ITM)

RRITMRRITM-E1-Xlow_Xhigh

Buy ITM call, sell ITM put (synthetic long structure).

Expiry

Strike X1 (low)

Strike X2 (high)

Buying an ITM call and selling an ITM put — a synthetic long with a different cost profile than vanilla risk reversal.

Pick an expiry and 2 strikes to build the combo.