What is a Short Straddle & How to Trade?

A short straddle is an undefined risk options strategy that involves selling an at-the-money call and put with the same expiration and strike. Watch Mike give this introduction covering what a short straddle is and how it works.

0:00 Introduction
0:35 Straddles & Profit
1:38 Example of a Straddle
3:15 Buying Back the Put
4:26 Which Option's ITM
5:14 When to Straddle
6:37 What to Look For
7:56 Takeaways

Click the link below to learn more about short straddles:
https://www.tastytrade.com/shows/options-crash-course-strategy-management/episodes/straddle-management-02-28-2021

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