Freeport-McMoRan stock displays high implied volatility. Option traders can take advantage of that by selling what is known as a "short strangle." ...

The short strangle is a two-legged option spread meant to capitalize on a period of stagnant price action for the underlying stock. The strategy involves the sale of two out-of-the-money options ...

A short strangle aims to profit from a drop in implied volatility, with the stock staying within an expected range. When implied volatility is high, the wider the expected range becomes.

Currently, the market is lacking the momentum to break decisively above 22,800 or below 22,000. Nifty is likely to ...