Straddle 🧬 A long straddle is an options trading strategy designed to profit from significant price movements in either direction. It involves buying a call option and a put option on the same underlying asset, with the same strike price and expiration date. Here’s a detailed explanation of how it works: Components of a Long Straddle 1. Call Option: This gives the holder the right, but not the obligation, to buy the underlying asset at the strike price before the option expires. 2. Put Option:

📈 What is the Straddle Strategy in Trading? The Straddle Strategy is commonly used in options or news-based trading, where a trader expects big price movement but is uncertain about the direction (up or down). In Simple Terms: You’re not predicting where the market will go—just that it will move a lot. | Legendary Trading Academy