Straddle
A long straddle combines a call and a put at the same strike and expiration. It is designed to benefit from a sufficiently large price move in either direction.
Built for a Big Move
Long straddle — a call and a put at the same strike, profiting from a large move either way.
Illustrative example — not live market data.
Manual Market — Go Beyond a Single Expiration
Manual Market lets you set expiration dates independently for each leg and model positions with your own inputs — without depending on OptionLab's built-in US or Israel market data. Explore more advanced positions shaped by both price and time.
Related Strategies
How It Works
A long straddle buys one call and one put at the same strike and the same expiration. Both premiums are paid up front, and that combined cost is the most the position can lose.
Profit potential increases as the price moves sufficiently far in either direction — enough to cover both premiums paid on whichever side moves. The straddle has two breakeven points, one above and one below the strike.
Build a Straddle in OptionLab
OptionLab has a built-in Long Straddle strategy template (a Short Straddle template is also available for the opposite view). OptionLab builds the two-leg structure for you, and you can adjust the strike to match your view. From there, you can see the payoff graph and breakeven points — since the upside on a long straddle isn't capped, OptionLab reflects that directly rather than showing a fixed maximum profit.
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