Strangle should be called a Straddle and visa versa.

Discussion in 'Options' started by OptionsOptionsOptions, Jun 7, 2018.

  1. Strangle should be called a Straddle and visa versa.




    An option straddle has the legs at the same strike. But in the image below a straddle shows the legs far apart.


    StraddleStretch.gif
    Straddle




    An option strangle has the legs further apart than the straddle. But in the image below a strangle is a tight grip

    strangle.jpg
    Strangle
     
  2. CyJackX

    CyJackX

    The CBOE will get right on it!
     
    777, cvds16 and tommcginnis like this.
  3. Add some synonyms: Split, Squat, Squeeze, ...
     
  4. Millionaire

    Millionaire

    The Straddle is pushing outwards, the strangle inwards
     
    • New image to better visualize the straddle versus strangle.
    • The option definition is backwards to what a straddle and strangle is.


    strangle.jpg


    • Stock at $100.
    • Straddle $90 put and $110 call.
    • Strangle $100 put and $100 call.
     
  5. a straddle "straddles" the strike. is english not your first language? the picture you picked isn't what straddling means in the general sense.
     
    traderlux likes this.
  6. spindr0

    spindr0

    Where were you all of these decades when I was trading backwards???

    I'm a new man!

    Tomorrow will be the first day of doing it right.

    :D