The disadvantage of a long strangle relative to a long straddle is that the underlying currency has to fluctuate more prior to expiration.

Name: The disadvantage of a long strangle relative to a long straddle is that the underlying currency has to fluctuate more prior to expiration.
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A long strangle involves buying out-of-the-money call and put options, requiring a larger move in the underlying asset to profit compared to a long straddle, which uses at-the-money options.

The Disadvantage of a Long Strangle Relative to a Long