Not financial advice. Options involve risk and are not suitable for all investors. Data is delayed up to 15 minutes.
Buy an ITM call and ITM put to create a higher-cost strangle with intrinsic value on both legs.
Buy an ITM call and ITM put to create a higher-cost strangle with intrinsic value on both legs. This strategy has a volatile outlook and defined risk.
Unlimited
Total premium paid - intrinsic value between strikes
Lower strike - net debit | Higher strike + net debit