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Long Strangle Calculator
VolatilityvolatileDefined Risk
Buy an OTM call and OTM put to profit from a large move in either direction, cheaper than a straddle.
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What Is a Long Strangle?
Buy an OTM call and OTM put to profit from a large move in either direction, cheaper than a straddle. This strategy has a volatile outlook and defined risk.
Setup
BUY1x OTM2 CALL
BUY1x OTM2 PUT
Max Profit
Unlimited
Max Loss
Total premium paid
Breakeven
Put strike - total premium | Call strike + total premium