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Short Strangle Option Strategy

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Two out of the money options are sold here, a call above the market and a put below it in the same expiration, producing a credit and a profit zone between the strikes. Assignment risk sits on either side once the underlying trades through a short strike, and the call leg carries exposure that is not bounded, so treat this as an undefined risk position.

Option symbols resolve from your strike and expiry entries, with bid, ask and previous close pulled on demand for each leg so the net credit and the two breakevens follow the quotes.

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