Long Straddle Basics: Combining a Call and a Put

A long straddle pairs an at-the-money call with an at-the-money put at the same expiration. Watch and explore how the position is built and what delta neutral means.
0:00 Introduction: Long Straddle Strategy
0:24 Structure: Long Call + Long Put
0:36 Delta Neutral Concept Explained
1:16 At-the-Money Straddle Example
2:03 Non-ATM Variations and Bias Options
3:43 Benefits from Large Moves and IV Rise
4:08 Greek Exposure: Being Long Volatility

Register to view the complete Beyond Directional Thinking: Understanding Straddles and Strangles webinar: https://bit.ly/3S57jdZ.