Ultimate Options – Trading Volatility – Long Strangle

True or False: The max risk in a long strangle is premium (credit) received

The most accurate description of buying a long strangle is the following?

Which of the following statements is True for a long strangle trade?

Ideal technical outlook when entering into a long straddle trade?

If holding a long strangle, what are the stock price breakevens at expiration?

When drawing a risk graph for a long strangle it would look like which of the following?

Long strangles are a vega trade, which of these statements is true?

With option deltas of 0.30 & -0.30 how much would a 2.50 straddle be worth after the stock moves upward by 1.00 per share?

With option deltas of 0.30 & -0.30 and gammas of 0.10 & 0.10, how much would a 3.00 straddle be worth after the stock moves upward by 3.00 per share?

With option deltas of 0.20 & -0.60 and vegas of 0.10 & 0.10 how much would a 4.00 straddle be worth with a 1% increase in volatility and 1.00 per share move downward in the stock?