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#covered-strangle

Diagram of a covered strangle options strategy showing long stock position with short OTM call and short OTM put on a payoff chart
Options Education8 min

What Is a Covered Strangle in Options Trading?

What Is a Covered Strangle? A covered strangle is an options income strategy that holds three positions at the same time: long stock, a short out-of-the-money…

Bernardo RochaApril 1, 2025
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