Long Straddle

LegTradeOptionLotsStrike
L1BUYPUT1ATM
L2BUYCALL1ATM
Strategy Details
NameLong Straddle
TypeTwo-Leg Debit
DescriptionBuy a call and a put at the same strike to profit from major movement in either direction.
OutlookExpecting high volatility; direction uncertain
Max ProfitUnlimited on the upside; substantial on the downside
Max LossLimited to the total premium paid
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