### Comment:
&gt; getting blown out on the upside of their strangles 
  
 What does this mean? Pls ELI5. Thx.

### REPLY:
With a strangle, you are betting that a stock stays between 2 points, for example $8 and $10. Someone asked the guy who placed the trade if he was worried about the stock going over $10, and he said no, he’s way more worried about the price dropping fast and well below $8. 
  
 “Stairs up, elevator down” is a common way to describe movements in the market

### END.