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.

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Palo Alto stock currently trades with a low implied volatility rank, which means it’s a good time to look at a long strangle.