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Short Strangle

Sell OTM Call + Sell OTM Put

Expectation : Neutral

Profit When : Stagnant

Risk : Unlimited

Reward : Limited

Max Profit : Call Extrinsic Value + Put Extrinsic Value

OppiE's Note : Short Strangle makes its maximum profit when the stock is within the strike prices bound by the call and puts upon expiration.

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