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Educational content only. Options involve risk and are not suitable for every investor. Read disclosures.
OptionsBlog
Options Blog

Strategy Type: <span>Neutral & Volatility</span>

August 2, 2026

Long Strangle

Buying an out-of-the-money call and out-of-the-money put with the same expiration to seek a large move.

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August 2, 2026

Iron Butterfly

Combining a short call and put at the same strike with protective wings to define risk and collect credit.

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