In this instance, you want the share price to move beyond a specific range, either up or down, to profit from the trade.In this case, you’re buying the $47.50 call and the$40.00 put. The options’ Vol/OI ratios yesterday were both over 59, putting them in seventh and eighth spots in the top 10.The long strangle strategy is a bet on higher volatility and significant share price movement in either direction. It involves buying a call option OTM and buying a put option OTM at a lower strike price.The two in qu ...