Long Gut Spread - Components
Buy an ITM call option and an ITM put option on the same underlying stock.
Buy ITM Call + Buy ITM Put
Long Gut Spread - Expectation
Volatile
Long Gut Spread - Risk / Reward
Maximum Profit: Unlimited
Maximum Loss: Limited
Long Gut Spread - Breakeven Point
Upper Break Even Point = Call Strike + Net Debit
Lower Break Even = Put Strike - Net Debit
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