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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
MU MU Leg 1
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
MU MU Leg 2
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
±100%
to
       

Trade Information

Short Straddle

SELL -1 MU Dec 11, 2026 795.00 call @$52.83

SELL -1 MU Dec 11, 2026 795.00 put @$65.45

Stock

MU Current Price

$761.15 USD

MU Breakeven Price

Between $676.72 and $913.28

Trade Details

Cost of Trade

-$11,828.00 USD

Maximum Profit

$11,807.17

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)