an option strategy in which a call and a put of the same strike, month and underlying terms are purchased
a position constructed by buying a call and buying a put at the same strike price in the same expiration month
An option market position that consists of purchasing equal units of calls and puts with the same strike price and expiration date.
Holding an equal number of Puts and Calls of an asset with the same strike price and the same expiry date.
straddle in which a long position is taken in both a put and call option.
The long straddle is a non-directional options trading strategy that involves the simultaneous buying of a put and a call of the same underlying stock, striking price and expiration date. It is a unlimited profit, limited risk strategy that is taken when the options trader thinks that the underlying stock will experience significant volatility in the near term. The long straddle is a debit spread as a net debit is taken to enter the trade.