What is the maximum potential profit in a short strangle option strategy? Option: The premium received from selling the call option, The difference between the strike prices, Unlimited, The net premium received from selling both options

What is the maximum potential profit in a short strangle option strategy?

What is the maximum potential profit achievable with a short straddle strategy?

What is the maximum potential loss in a long strangle option strategy?

What is the maximum potential loss in a long straddle strategy?

What is the primary risk associated with a short strangle option strategy?

What happens to the profitability of a short straddle as the market moves significantly away from the strike price?