The Straddle is a bidirectional options strategy that involves simultaneously buying (in case of a Long Straddle) or a selling (in case of a Short Straddle) an ATM Put and a ATM Call at the same strike price, same expiration date and on the same underlying security.
STRATEGY BIAS: Bidirectional
STRIKE PRICES: Same
EXPIRATION DATE: Same
UNDERLYING SECURITY: Same
Long Straddle risk graph
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Short Straddle risk graph
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