What is a straddle or strangle, and how do I trade it?

What is a straddle or strangle, and how do I trade it?

A straddle involves buying a Call and Put at the same strike, while a strangle uses different strikes — both profit from big price moves in either direction. The Strategy Builder in F&O Universe offers these as pre-defined strategies, so you can directly select them, visualize the payoff, and execute without having to build them leg by leg manually.
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