Hi folks, What is the following strategy called, if anything? XYZ underlier, $100/share: - 2 calls @ 110 + 1 call @ 100 + 1 put @ 100 - 2 puts @ 90 If the minuses and pluses are reversed they call it a wrangler, but I've never spotted a specific name for this sort of double vertical ratio spread. Maybe one of you can coin a name for it and get it listed in the option books, if that idea appeals to anyone.
It's a brokers dream with all those legs and comms .... would normally be better just to sell the 90/110 strangle ...