Glossary · Trading basics · S
Strangle in plain English.
A put and a call at different strikes and the same expiration, usually both out of the money. Sold, it profits from a quiet stock; bought, it profits from a big move either way.
Track
Trading basics
29 terms in this track
Taught in
Iron condors and strangles: trading a range
In the index
109 of 129
Filed under S
Connections
8
Related terms mapped below
01
The idea, in context
How to read the picture above and where the Academy teaches it.
Reading the illustration
Implied volatility sets the width of the bell: the shaded middle is the expected move, the tails are the rare big moves.
In French: Strangle
Where it’s taught
Trading basics
Iron condors and strangles: trading a range
“Iron condors and strangles: trading a range” introduces this term with worked examples, a quiz and the trades around it. The Academy is part of the YieldCove membership.
02
Connected terms
8 terms around this one — the words its definition uses, its lesson siblings and the terms that build on it.
- Used in this definition
- Same lesson
- Builds on this term
- Same track
03
Where to go next
Understand it, try it with real numbers, then track it for free.
The free YieldCove newsletter
Get The Wheelhouse in your inbox
One email every Sunday — the week ahead, practical wheel-strategy ideas and YieldCove updates. Free to read. Unsubscribe anytime.
Educational only — not financial advice.