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LIVE@blakegrindsNVDA+$12,450•
LIVE@queenofcallsTSLA+$3,280•
LIVE@dragonbtcBTC+$5,120•
LIVE@mikemoneyES-$840•
LIVE@kira_optionsSPY+$1,940•
LIVE@apewolfGME+$23,900•
LIVE@thejackalAAPL+$2,847•
OPTIONS STRATEGIES·LONG VOL·2 LEGS

Long straddle

Buy a call and a put at the same strike and expiry. Pays off if the stock moves big either way. Loses if the stock stays flat — premium decay works against you.

INPUTS
Underlying price
$
Centers the payoff chart and computes P&L at this price.
LEGS
Long call
Type
Side
Strike
$
Qty
Premium
$
Long put
Type
Side
Strike
$
Qty
Premium
$
RESULT
BE $95.00BE $105.00spot $100.00
$60.001 strike$140.00
P&L at current spot (expiry)
−$500
Net debit−$500
Max profitUnlimited
Max loss−$500
Breakevens$95.00 · $105.00
RISK PROFILE
Max profit
Unlimited (in either direction)
Max loss
Total premium paid
Breakeven
Strike ± (total premium ÷ 100)
RELATED STRATEGIES
Long strangle
Long volatility · Cheaper than a straddle, needs a bigger move.
Short straddle
Short volatility · Profits if stock pins the strike.
Iron butterfly
Short volatility · Pin risk play, max profit at the short strike.
NEXT

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