This strategy consists of being long one call and short another call with a higher strike, and short one put with a long put on a lower strike. Typically, the call strikes are above and the put strikes below the current level of the underlying stock, and the distance between the call strikes equals the distance between the put strikes. All options must have the same expiration date.
Looking for the rising stock price.
This strategy is the combination of a bull call spread and a bull put spread. A key part of the strategy is to initiate the position at even money, so the cost of the call spread should be offset by the proceeds from the put spread.
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