So it seems bottom line is nothing have the exact one-touch effect. But how about double-one-touch with the barriers posited far out of the market? there will be a little loss if the price stays anywhere between the two barriers and large profit if it touches one of them. So suppose I still want to get an effect as close as possible to that, what should I do then?
Perhaps long Strangles\Straddles? But they cause a relatively significant loss if the price stays very near to its current location at expiration, while double-one-touch would result in much less I guess.
Perhaps long Strangles\Straddles? But they cause a relatively significant loss if the price stays very near to its current location at expiration, while double-one-touch would result in much less I guess.