Long Straddle..做法 (圖)

STRATEGY	Long Straddle
MARKET OPINION	Extreme price volatility
MARKET POSITION	Buy a call and buy a put on the same commodity with the same expiration date and strike price
OPTION STRATEGY DEBIT/CREDIT	Net debit [premium is paid on both options]
PROFIT POTENTIAL	Unlimited [except to the extent that the futures price cannot fall below zero]
PROFIT POINT	Any futures price less than the [strike price minus the net debit] or any futures price greater than the [strike price plus the net debit]
LOSS POTENTIAL	Limited to the [difference between the strike prices] minus net credit
LOSS POINT	Any futures price below the [higher strike minus net credit]; maximum loss point is any futures price at or below the lower strike price
BREAK-EVEN-POINT	Two break-even points [strike price + net debit] or [strike price - net debit]
MARGIN REQUIRED	No
DELTA	- [Delta of call bought] + - [Delta of put bought]