Short Straddle Option Strategy
A short straddle is an options strategy comprised of selling both a ATM call option and a ATM put option with the same strike price and expiration date. It is used when the trader believes the underlying asset will not move significantly higher or lower over the lives of the options contracts. The maximum profit is the amount of premium collected by writing the options. The potential loss can be unlimited, so it is typically a strategy for more advanced traders.
Created by: Nikita
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