Short Straddle
A short straddle is a volatility strategy which consists of one short call and one short put at the same strike and expiration. This strategy is used when the investor believes there will be little or no price movement in the underlying asset.
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Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | APP Leg 1 |
Action
Qty
|
Expiration Date
|
|
Strike
Type
|
Price
|
|
Delta
|
IV
%
|
|
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| APP | APP Leg 2 |
Action
Qty
|
Expiration Date
|
|
Strike
Type
|
Price
|
|
Delta
|
IV
%
|
|
|
Trade Information
Short Straddle
SELL -1 APP Dec 11, 2026 410.00 call @$24.20
SELL -1 APP Dec 11, 2026 410.00 put @$30.50
Stock
APP Current Price
$403.62 USD
APP Breakeven Price
Between $355.30 and $464.70
Trade Details
Cost of Trade
-$5,470.00 USD
Maximum Profit
$5,447.50
Maximum Loss
Unlimited
CVaR
Probability Analysis
Probability of Profit (PoP)
Probability of Max Profit
Probability of Max Loss
Risk Reward Analysis
Expected Value (EV)
Expected Return (EV/risk)
Reward/Risk
Position Greeks
Delta (Δ)
Gamma (Γ)
Theta (Θ)
Vega (ν)