The short straddle

Where does a short at-the-money straddle make its maximum profit at expiry?

• Anywhere between the two breakevens
• Only with the stock exactly at the strike
• Anywhere above the strike

A long straddle costs 6.00. What does it need to make money at expiry?

• Any move away from the strike
• The stock to stay near the strike
• A finish more than 6.00 away from the strike, in either direction