Garmaine Staff asked 2 years ago

Suppose, I want to do following in a single order, what will be the name of the strategy

  1. Buy 100 shares of XYZ at $50
  2. Sell 1 Call on XYZ for strike price of $55
  3. Sell 1 Put on XYZ for strike price of $45

As an alternative, I can buy shares in one order and then later use second order to do 2&3 together. But I want to do all three actions in single order, so I can get best price.

I searched but could not find one.