Strangle
STRGSTRG-E1-Xlow_XhighBuy OTM put + OTM call. Cheaper than a straddle.
Long volatility, lower premium than a straddle but requires a larger move to break even.
Pick an expiry and 2 strikes to build the combo.
Buy OTM put + OTM call. Cheaper than a straddle.
Long volatility, lower premium than a straddle but requires a larger move to break even.
Pick an expiry and 2 strikes to build the combo.