Volatility Strategy
Straddle Calculator
Calculate potential profit and loss for straddle positions. Profit from big price moves in either direction.
VolatileLimited RiskUnlimited Reward
A long straddle involves buying both a call and put at the same strike price. You profit when the stock makes a large move in either direction, exceeding the total premium paid.
Straddle Configuration
Current price: $100.00
Option Premiums
Trade Summary
Net Debit$1,000.00
Max ProfitUnlimited
Max Loss$1,000.00
Breakevens$90.00, $110.00
Payoff at ExpirationStock Price vs Profit/Loss
Current: $100.00
Breakeven: $90.00, $110.00
Max Profit
Unlimited
Max Loss
$1000.00
Total Premium
$1000.00
Strike Price
$100.00
Lower Breakeven
$90.00
Upper Breakeven
$110.00
Understanding Straddles
A straddle involves buying or selling both a call and a put at the same strike price and expiration. It's a volatility play - long straddles profit from big moves, while short straddles profit from stability.
Long Straddle
- • Buy call + buy put at same strike
- • Pay net debit
- • Profit from large price movement
- • Limited risk, unlimited reward
Short Straddle
- • Sell call + sell put at same strike
- • Receive net credit
- • Profit from price stability
- • Unlimited risk, limited reward
Key Formulas
Breakeven Points
Upper = Strike + Total Premium | Lower = Strike - Total PremiumLong Straddle Max Loss
Max Loss = Total Premium PaidRelated Calculators
Track Your Volatility Trades
Import your straddle trades and analyze performance across market conditions.
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