Suppose, I want to do following in a single order, what will be the name of the strategy
- Buy 100 shares of XYZ at $50
- Sell 1 Call on XYZ for strike price of $55
- 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.