In options trading, a "strangle" refers to an options position that consists of both a call and a put option on the same underlying stock, with the contracts having identical expirations but differing ...
Investors who believe Palantir stock could keep moving higher or correct lower may want to consider a long strangle.
Yes, today the market moved beyond 1 standard deviation. That said, I really think we may be slowing down. Skew flattened a touch today, IV stayed pretty constant. I decided today would be a good day ...