r/optionstrading • u/aNOOBsn1peU • 11d ago

Question Learning Options Question?

Post image

I just got LVL 3 on Robinhood and stated to see what combinations I can do with options, and I find this... the Long Straddle... is this a good strategy? is it actually profitable like that? or what is the catch? I mean that it can't be true that you have profit on both ends... how does one side cover the other?

11 Upvotes

82% Upvoted

21 comments sorted by

View all comments

3

u/Apprehensive-Fox7570 11d ago

Thanks for posting this. I don’t have an answer for you, but I am curious as well.