What is a strangle?
If you’re expecting a large move in the market but don’t know which direction it’s headed, you may want to strangle it, explains TheoTrade co-founder Don Kaufman in this Business Insider story. Don discusses how a strangle works, and when it could be advantageous to consider this options strategy.
For more detail, see the Business Insider story: Strangle options: An investment strategy that plays both ends against the middle