Replies to post #9198 on Options Wonderland

[3xBuBu]

Options Strategy: Straddles and Strangles
Straddle Spread Defined: An options strategy with which the investor holds a position in both a call and put with the same strike price and expiration date.
Strangle Spread Defined: An options strategy where the investor holds a position in both a call and put with different strike prices but with the same maturity and underlying asset.

http://www.daytradeteam.com/dtt/straddle-strangle-options-trading.asp