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What is this option strategy called?

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Questions › What is this option strategy called?
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Garmaine asked 4 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.