Event-Driven Strategies

Strategy	Action	Legs	Risk Profiles	Best When
Long Stradle	Buy ATM Call + Buy ATM Put	2	Limited	Big Move Expected
Long Strangle	Buy OTM Call + Buy OTM Put	2	Limited	Volatile events
Reverse Iron Butterfly	Buy ATM Call + Put Sell OTM Call + put	4	Limited	Earnings Reports
Reverse Iron condor	Buy ATM Call + Put Sell OTM Call + put	4	Limited	FOMS Meetings