Strangle should be called a Straddle and visa versa.

[OptionsOptionsOptions]

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.

Straddle




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

Strangle

 

[CyJackX]

The CBOE will get right on it!

 

[elitenapper]

Add some synonyms: Split, Squat, Squeeze, ...

 

[Millionaire]

The Straddle is pushing outwards, the strangle inwards

 

[OptionsOptionsOptions]

• New image to better visualize the straddle versus strangle.
• The option definition is backwards to what a straddle and strangle is.

• Stock at $100.
  
• Straddle $90 put and $110 call.
• Strangle $100 put and $100 call.

 

[vegamedic]

a straddle "straddles" the strike. is english not your first language? the picture you picked isn't what straddling means in the general sense.

 

[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.