In our article, Short Strangle Option Trading Explained with Example & Payoff Functions we had covered the details about Short 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 Short Strangle Option Trading

Short Strangle Option Trading Video

Options traders should note that trading short strangles involves a significant level of risk. You are betting for a limited amount of profit by taking much larger risk exposure. One is advised to keep a strict stop loss on both the underlying stock prices and the option prices