Mechanics
·
10 min
The strangle and the straddle
Two ways to buy or sell volatility itself. Direction-blind structures that pay on motion, not vector.
In this lesson
- Straddle: one strike, both types
- Strangle: different OTM strikes
- When long premium volatility plays make sense
- The IV crush trap
- Short strangles and straddles
Read the full lesson in the app
The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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