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4.3. Strip

ProficiencyDirectionVolatilityAsset LegsMax RiskMax RewardStrategy Type
+
    +   
ExpertBearishHigh• Two Long PutsCappedUncappedCapital Gain
   • One Long Call   


4.3.1. Description

The Strip is a simple adjustment to the Straddle to make it more biased toward the downside. In buying a second put, the strategy retains its preference for high volatility but now with a more bearish slant.


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