A long strangle, is the inverse of a short strangle, the setup involves buying a call and a put, both out of the money. The out of the money value is generally the same for both options, and this strategy is best suited for investors who believe a large move in the stock either up or down. This strategy has two break even points, put strike minus the premium paid and the call strike plus the premium paid.
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Option Contracts
Long Call
Long Put
Equity - Long
100 shares
Estimated Returns
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