In our article, Long Strangle Option Trading Explained with Example & Payoff Functions we had covered the details about Long Strangle Option trading in a set of detailed articles. Readers are requested to check those for going through a step by step process to understand the Long Strangle Options trading.
Here we are providing the same steps in a video which explains the Long Strangle Option Trading

Long Strangle Option Trading Video

See Related: Video-Long Straddle Option Trading

Long Strangle Option Trading strategy is considered to be one of the safest and most popular strategy for all option traders to trade. However, traders should be aware about the high cost of transaction and brokeraege fees and the adverse effects of time decay on Long Strangles