Short Straddle...做法 (圖)

STRATEGY	Short Straddle
MARKET OPINION	Neutral or stable
MARKET POSITION	Sell a call and sell a put on the same commodity with the same expiration date and strike price
OPTION STRATEGY DEBIT/CREDIT	Net credit [premium received on both options]
PROFIT POTENTIAL	Limited to the net credit
PROFIT POINT	Any futures price between the [strike price minus the net credit] and the [strike price plus the net credit]; maximum profit point is when the futures price equals the strike price
LOSS POTENTIAL	Unlimited [except to the extent that the futures price cannot fall below zero]
LOSS POINT	Any futures price that is less than the [strike price minus the net credit] or greater than the [strike price plus the net credit]
BREAK-EVEN-POINT	Two break-even points [strike price + net credit] or [strike price - net credit]
MARGIN REQUIRED	Yes
DELTA	- [Delta of call sold] - [Delta of put sold]