It is an options strategy that is used by traders when one is out rightly bullish on a stock (or index). This would lead to Unlimited profit if the market goes up, Limited profit if the market goes down, A predefined loss if the market stays within a range. In this strategy, the investor goes long on 2 OTM long options and shorts one ITM call option. It is to be ensured that both the options must have the same expiry date and are bought/sold in the same ratio
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