Similar to the straddle, but the call and put strikes are not the same, the call strike is higher than the put. Essentially works the same as the straddle, and gives a bigger comfort zone, takes larger moves to break even or see a loss.
Want to learn more? Download now an interactive reference application for iPhone. The screenshot shows the following portfolio:
Volume | Instrument |
|---|
-1 | European call struck at 11.000 with expiry in 30 days |
-1 | European put struck at 10.000 with expiry in 30 days |
This is an excerpt from iOptioneer option trading reference application. In order to build the real-time dynamic strategy graph and run simulations you will need to download the application from App Store.
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