strangle
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
An options strategy using an out-of-the-money call and put to profit cheaply from a large price move.
A strangle costs less than a straddle but needs a bigger move to pay off.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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