IVOG Option Profit & Loss Chart

Long Straddle for IVOG (Vanguard S&P Mid-Cap 400 Growth ETF). A long straddle is a volatility strategy which consists of one long call and one long put of the same strike and expiration. This strategy is used when the investor is unsure of the direction of the underlying asset's price, but expects a significant move. The goal of a long straddle is to profit from a very strong move in either direction.