Volatility Strategies


Long Straddle

A limited risk, non-directional options strategy that is designed to profit from a large move in the underlying, coupled with an increase in implied volatility.

Long Strangle

A limited risk, non-directional options strategy that is designed to profit from a large move in the underlying, coupled with an increase in implied volatility.

Short Put Butterfly

A strategy combines a long strangle and a short straddle with the same underlying stock and exercise date.


Options involve risks and are not suitable for all investors. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital. For more information, please review the Characteristics and Risks of Standard Options brochure before you begin trading options.

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