A Strangle Options Strategy is an Options strategy that includes both Call and Put options. The strike prices for both options are different but the underlying asset and the expiry date are the same.
Investors use the Strangle Options Strategy if they think that the underlying asset can give big price movement in any direction: higher or lower. A Strangle is similar in features to a Straddle but the only difference is Strangle uses different strike prices in contracts and a Straddle uses the same strike price. On the TalkOptions website, the Strangle chart tool displays options for Strangle strategy charts. Here you will be able to view the price movement of the selected strangle. Here you will be able to select call strike and put strikes for the strangle for any available expiry date such as weekly/monthly. Select the symbol, expiry date and one call strike and one put strike then click anywhere on the screen it will automatically show the strangle chart along with the Spot chart also. On this tool, we also provided the timeframe of the Strangle of 1 min, 5 min and 2 days as well. All shown charts will be of “LINE CHARTS”. Blue Line shows Spot price and Pink line shows the Strangle price. It will help traders to analyse the strangle every 1 min. Traders can view the High of the Strangle price, the Low of the Strangle price and the Average of the Strangle Price.
Traders can see the Strangle price of the Index as well as Stocks also.
In the Live Market, traders can use a strangle strategy by following these steps: