Options trading has many strategies to capitalize on market volatility, with the versatile long strangle. A long strangle lets traders profit from significant price movements, regardless of whether the asset moves up or down. It is especially attractive when a large price move is expected, but the direction is uncertain. In this blog, we will explore how to place a long strangle on Webull, covering steps. We will also discuss strategies for maximizing profit potential while minimizing risks when using the long strangle.
