How to Place a Long Strangle on Webull

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A long strangle on Webull is an options strategy where you simultaneously buy a call and a put option with the same expiration date but different strike prices. This approach is used when you expect significant market movement but are uncertain about the direction. To place a long strangle on Webull, first identify a stock with high volatility. Then, select the call and put options with strike prices above and below the current market price, respectively. Add them to your order, review the total cost, and confirm the trade. To avoid distractions while focusing on options trading, consider using charging lockers at your workspace to securely power your devices without interruptions.