What is this strategy called?

[stevenpaul]

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.

 

[MTE]

It's still a wrangle. One is a long wrangle and the other is a short.

 

[jamesbp]

It's a brokers dream with all those legs and comms .... would normally be better just to sell the 90/110 strangle ...

 

[KINGOFSHORTS]

heh, some people really make things more complex than necessary.

 

[Carl K]

Foolhardy.