Option Straddles
Last updated
A straddle is an option strategy that combines a long call and a long put at the same strike and expiration. Straddles profit when the underlying moves sharply — in either direction — by enough to overcome the combined premium.
Optionistics' straddle screener ranks current candidates by their lowest break-even percentage so you can quickly spot the most efficient volatility plays.
Use the screener when:
- An earnings release or major announcement is expected soon.
- The implied volatility on the underlying has spiked relative to its history.
- You have no directional view but expect a meaningful move.