Long Strangle Tracking

Profiting from Volatility

A Long Strangle is a volatility-focused strategy where you buy both an OTM Call and an OTM Put. MindTrajour recognizes this strategy as a single decision, capturing the combined premium paid and the market state at entry.

Managing the Strangle Lifecycle

Long Strangles are a race against Theta decay. MindTrajour helps you audit:

• IV Rank at Entry: Did you buy when volatility was actually low, or did you overpay?
• Combined P&L: Don't manually calculate the net result of two separate legs. Our engine shows you the position as a whole.
• Exit Discipline: Review your exits in the All Trades List to see if you consistently capture volatility spikes or hold too long.

Interactive Preview

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Create New Trade

Ticker

Strategy

Bull Put Spread

Option Legs

Leg 1

Position

Sell

Option Type

Put

Strike Price

$

Expiration Date22.05.2026

Leg 2

Position

Buy

Option Type

Put

Strike Price

$

Expiration Date22.05.2026

Order Data for all positions

Is the trade already closed?

Open/Close	Date	Total Gross Premium	Number of Contracts	Stock Price	Total Order Fee	Capital at Risk	Win Probability
Open	Date 06.04.2026	Total Gross Premium PayGet $	Number of Contracts	Stock Price $	Total Order Fee $	Capital at Risk $	Win Probability %
Is the trade already closed?
Close	Date Select Date	Total Gross Premium PayGet $	Number of Contracts	Stock Price $	Total Order Fee $

Trade-Management (Optional)

Take Profit %

80 %

Total Profit+496 $

Take Profit (per share)

Stop Loss %

200 %

Total Loss+496 $

Stop Loss (per share)

Statistics

Profit & Fees

Net profit, fees and contract-adjusted results. Shows your true trading outcome.

Strike/Spot Difference

-5.1%

Gross Profit

$500

Total Fees

$4

Entry Fee

$2

Exit Fee (estimated)

$2

Net ProfitIncluding estimated exit fee.

$496

Net Profit per Contract

$248

Fee Ratio

0.8%

Performance

Return metrics for comparison and portfolio assessment.

Potential Return (Expiration Date)

25%

Monthly Return

16.3%

Annual Return

195.65%

Max Profit

$500

Duration

Trade holding periods and deviations.

Days to Expiration

46 Days

Planned Duration

46 Days

Trade Duration (Actual)

0 Days

BackSave

Psychological Considerations

Strangles can be frustrating during periods of consolidation. Use the Emotion Tracker to log your sentiment while waiting for the "big move".

If you prefer defined-risk sideways strategies, you might want to read about Iron Condors.