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Strangle

स्ट्रैंगल

Buying (or selling) an OTM call and an OTM put at the same expiry. Cheaper than a straddle but needs a larger move to profit.

Related terms
Iron CondorCovered CallCash-Secured PutAll terms →

Part of the Stocks Sena glossary - every market term in simple Hindi + English. Educational content, not investment advice.