advanced option trading stratergies

Some common advanced options trading strategies. are: Long Straddle and Strangle: Buying a call and put with the same expiration date and different strike prices. Iron Condor and Iron Butterfly: Combining a bear call spread and a bull put spread.

Which strategy is best for option trading?
The long straddle is the best strategy for option trading that consists of purchasing an In-The-Money call and putting options with the same underlying asset, strike price, and expiration date. Profit potential is infinite in this method, while loss potential is limited.

Also called the 1-3-2 butterfly spread, it is a common variation if the butterfly spread involving buying one option at a lower strike, selling three at a middle strike, and buying two at a higher strike. This advanced options trading strategy offers more flexibility.