Strip Strangle

The strip strangle buys two out of the money puts for every out of the money call, a long volatility position weighted toward the downside. It costs more than a plain strangle and needs a smaller move to pay in a selloff, while a rally has to travel further before the single call carries the trade. Premium paid is the ceiling on loss.

Option symbols are generated from your strikes and expiration, and bid, ask and previous close come in on demand next to the underlying's last price so the debit and both breakevens stay accurate.