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AutoPilot - TradingOptions Strategies - Long Straddle
Long Straddle is employed when the Option Trader is Neutral on the price of the underlying security but very bullish on the volatility.
In this Strategy:
Buy 1 ATM (At the Money) Call
Buy 1 ATM (At the Money) Put
Maximum profit is unlimited in this strategy.
In the Below Table, BE Stands for "Break Even"