Non-directional option trades
In the previous article about long straddle option trades, we looked at them mainly from the perspective of holding a long straddle position till expiration and explored various scenarios for your P/L. Though the buy and hold approach and never looking at the position prior to expiration is one way to trade straddles, you will … Read more
What is a directional trade In general, a directional trade is a trade in which you are betting on a particular direction (up or down) in the movement of price of a security. If you are right and the security goes in the direction you chose, you make a profit. If it goes the other … Read more
Directional and non-directional option trades Maybe you have already heard about an option trade being directional or non-directional. What does it mean? In short, this distinction is about how much the trade is exposed to movement in price of the underlying security. This article explains directional trades. Here you can find the second part concerning … Read more
How to create a long straddle A straddle is the simplest non-directional trade you can make with options. A straddle is a combination of a call and a put option with the same underlying asset, same expiration date, and most importantly, same strike price. In short, all the basic characteristics of both options you buy … Read more