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Point two under differences “Long Straddles require more significant price movements to be profitable as either the call or the put must become in-the-money before investors can
benefit from price fluctuations.”..is incorrect if it’s not a typo….”long strangles”…strangles cost less because the probability of ITM is lower hence the greater the price change of the underlying necessary for any leg to be ITM..

If it’s not a typo than it’s incorrect….Point two says “ Long Straddles require more significant price movements to be profitable as either the call or the put must become in-the-money before investors can
benefit from price fluctuations…. Straddles technically have one side or the other immediately ITM ….in short the strangle cost less than the straddle because the probability of one side being ITM is less than the straddle …therefore the greater the change in price of the underlying needed fo...

There’s a typo under differences it should say strangles not straddles

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