What is the primary advantage of a strangle option strategy compared to a straddle? Option: "Strangle" strategies have a lower cost of implementation., "Strangle" strategies are simpler to execute., "Strangle" strategies are less risky., "Strangle" strategies offer higher potential profits.

What is the primary advantage of a strangle option strategy compared to a straddle?

What is the key difference between a straddle and a strangle option strategy?

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

In a long strangle option strategy, which options are purchased?

What is the primary objective of a short strangle option strategy?

How does volatility impact a long strangle option strategy?