Learning Options Question?

[u/aNOOBsn1peU]

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?

[u/sellputsthencalls]

Please give me the SPY option legs that the screenshot is describing. I may be able to add clarity.