SutekkaBETA
Start free
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•
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·SHORT VOL·2 LEGS

Short straddle

Sell a call and a put at the same strike. Collects two premiums; profits if the stock stays near the strike. Unlimited risk on the call side.

INPUTS
Underlying price
$
Centers the payoff chart and computes P&L at this price.
LEGS
Short call
Type
Side
Strike
$
Qty
Premium
$
Short 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 credit+$500
Max profit+$500
Max lossUnlimited
Breakevens$95.00 · $105.00
RISK PROFILE
Max profit
Total premium received
Max loss
Unlimited
Breakeven
Strike ± (total premium ÷ 100)
RELATED STRATEGIES
Short strangle
Short volatility · Wider profit zone than a short straddle.
Long straddle
Long volatility · Profits from big moves in either direction.
Iron butterfly
Short volatility · Pin risk play, max profit at the short strike.
NEXT

Done planning? Log the trade.

Sutekka journals every leg automatically — and shows you the actual P&L when you close it. Free forever.

Start logging — free