Buy an ATM call and put while selling OTM wings to profit from a sharp move in either direction with defined risk.
| Leg | Trade | Option | Lots | Strike |
|---|---|---|---|---|
| L1 | SELL | PUT | 1x | ATM - 4 |
| L2 | BUY | PUT | 1x | ATM |
| L3 | BUY | CALL | 1x | ATM |
| L4 | SELL | CALL | 1x | ATM + 4 |
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