✅ Done for the day 10/04/24

Raider26 : Such a tool

Danielycious : What does strangle aim to achieve?

约翰の理财库OP Danielycious: Expectation that the underlying stock’s price will fluctuate back and forth within a range of strike price at same expiry date

Danielycious 约翰の理财库OP: So meaning to say…if I expect it to go out of the range, I would short it. Like what you have done? how does the price of the strangle deviate then…

约翰の理财库OP Danielycious: For example, with SPY, you sell a put at a 500 and sell a call at a 530 . If the price ends the day within the 500-530 range, you collect the premium and win. It's important to learn the basics of Single options trading before attempting combine strategy. Watching some videos may help.

Danielycious : Yeah I understand single options…just not sure how strangle and many other combi like butterfly etc works

Danielycious 约翰の理财库OP: I understand already

DannyK99 Raider26: obviously you do ....HAHAHAHAHA

Winston Robertson : Wow

JJ003 约翰の理财库OP: