Strap Strangle Options Strategy (Using MarketXLS Template)
Meaning The Strap strangle is a long strangle strategy that buys more call options than put options having a bullish inclination. As a Volatile Options Strategy, it is useful when the direction of a breakout is uncertain but more inclined towards the upside. Strap strangles can also be used to balance strangles into delta-neutral positions. … Read more