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Combination Strategy

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Combination strategy
A strategy in which a put and call with different strike prices and the same expiration are either both bought or both sold. Related: Straddle
Combination Strategy
An option strategy in which one buys or sells two options on the same underlying asset with the same expiration date but with different strike prices. A combination strategy allows one to profit from the difference in strike prices on or before the expiration date. See also: Spread, Straddle.
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