What is a Straddle? | Investopedia
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What is a Straddle? | Investopedia
A straddle is an options strategy that involves buying both a put and a call option for the underlying security with the same strike price and the same expiration date. A trader will profit from a straddle when the price of the security rises or falls from the strike price by an amount more than the total cost of the premium paid.
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