Expectation : Volatile

Profit When : Up or Down

Risk : Limited

Reward : Unlimited

Upper Breakeven Pt : Strike Price + Net Debit

Lower Breakeven Pt : Strike Price - Net Debit

Max Profit : Unlimited.

OppiE's Note : Long Straddle is one of the most popular volatile options strategy in the world, profiting no matter if the stock goes up or down. It's drawback is in its wide breakeven range which requires a big move in the stock to result in a profit.