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Strap Strangle

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Two out of the money calls and one out of the money put, bought in the same expiration, make the strap strangle: a long volatility position that leans bullish and costs less than the same weighting placed at a single strike. Both breakevens sit further from the current price than a strap straddle's, so the move required is larger. Premium paid bounds the loss.

Strikes and expiration generate the three option symbols, and bid, ask and previous close are pulled on demand alongside the underlying's last price.

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