{"id":19286,"date":"2025-06-25T05:57:23","date_gmt":"2025-06-25T05:57:23","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?post_type=trading&#038;p=19286"},"modified":"2025-09-08T07:40:08","modified_gmt":"2025-09-08T07:40:08","slug":"short-straddle-options-strategy","status":"publish","type":"trading","link":"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/","title":{"rendered":"Short Straddle: Option Strategy with Examples"},"content":{"rendered":"\n<p>Navigating range-bound markets can be challenging, especially when it comes to identifying strategies that generate consistent profits. One such approach tailored for stagnant or sideways price movement is the short straddle. It is a popular strategy among experienced traders who believe a stock or index will not move much in the near future. But while it can generate attractive returns in range bound conditions, it also comes with unlimited risk if the market breaks out of its range.<\/p>\n\n\n\n<p>In this blog, we will break down how a short straddle works, when to use it, what the profit\/loss potential looks like, and help you understand it with an easy example.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#What_is_a_Short_Straddle\" title=\"What is a Short Straddle?\">What is a Short Straddle?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#How_does_a_Short_Straddle_Work\" title=\"How does a Short Straddle Work?&nbsp;\">How does a Short Straddle Work?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#Key_Components_of_Short_Straddle\" title=\"Key Components&nbsp;of Short Straddle\">Key Components&nbsp;of Short Straddle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#Profit_Loss_and_Breakeven_in_a_Short_Straddle\" title=\"Profit, Loss and Breakeven in a Short Straddle&nbsp;\">Profit, Loss and Breakeven in a Short Straddle&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#Example_of_Short_Straddle\" title=\"Example of Short Straddle&nbsp;\">Example of Short Straddle&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#When_to_Use_a_Short_Straddle\" title=\"When to Use a Short Straddle?\">When to Use a Short Straddle?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#Advantages_Risks_of_Short_Straddle\" title=\"Advantages &amp; Risks of Short Straddle&nbsp;\">Advantages &amp; Risks of Short Straddle&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#Conclusion\" title=\"Conclusion&nbsp;\">Conclusion&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wp-api.pocketful.in\/blog\/trading\/short-straddle-options-strategy\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-short-straddle\"><span class=\"ez-toc-section\" id=\"What_is_a_Short_Straddle\"><\/span>What is a Short Straddle?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A short straddle is an <a href=\"https:\/\/www.pocketful.in\/blog\/trading\/options\/\">options trading <\/a>strategy that is used when you expect the market to stay flat, or not move much in either direction. It is a neutral strategy, meaning you are not betting on the price going up or down; instead, it will stay near the current level.&nbsp;<\/p>\n\n\n\n<p>In a short straddle, you sell one call option and one put option with the same strike price and expiration date. You receive premiums from both short positions, which is your maximum possible profit if the market stays range bound. We will discuss the profit scenarios in a short while but let us first learn about the basic idea behind this strategy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-a-short-straddle-work-nbsp\"><span class=\"ez-toc-section\" id=\"How_does_a_Short_Straddle_Work\"><\/span>How does a Short Straddle Work?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The idea is simple &#8211; if the stock stays at the strike price until expiry, both options could expire worthless and you get to keep the premiums, which is your maximum gain.<\/p>\n\n\n\n<p>However, if the price moves significantly up or down, the losses can significantly increase. There is no limit on how much you could lose, which makes this a high-risk strategy, best suited for experienced traders who can predict market conditions with some accuracy.<\/p>\n\n\n\n<p><strong>Read Also:&nbsp;<\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/option-chain-analysis-a-detail-guide-for-beginners\/\">Option Chain Analysis: A Detail Guide for Beginners<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-components-nbsp-of-short-straddle\"><span class=\"ez-toc-section\" id=\"Key_Components_of_Short_Straddle\"><\/span>Key Components&nbsp;of Short Straddle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before jumping into a short straddle, it is important to understand the key parts that make up the strategy. Here is what you need to know,<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-1-strike-price\">1. Strike Price<\/h3>\n\n\n\n<p>This is the price associated with the <a href=\"https:\/\/www.pocketful.in\/blog\/trading\/call-and-put-options-meaning\/\">call and put options<\/a> at which the options can be exercised or settled. In a short straddle, both options have the same strike price, ideally close to the current market price of the underlying asset or At the Money (ATM) options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-2-premium-received\">2. Premium Received<\/h3>\n\n\n\n<p>When you sell a call and a put, you collect premiums for both. These premiums are your maximum possible profit, but only if the price of the asset stays near the strike price until expiry.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-3-expiration-date\">3. Expiration Date<\/h3>\n\n\n\n<p>Both the call and put options in a short straddle must have the same expiry date. The closer you are to expiration, the faster the time value of the options erodes, which benefits the seller.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-4-implied-volatility-iv\">4. Implied Volatility (IV)<\/h3>\n\n\n\n<p>Short straddles work best when IV is high at the time of entry and is expected to fall. A drop in IV usually leads to a drop in option prices, which benefits the seller. But high IV also means higher risk, so timing matters.<\/p>\n\n\n\n<p><strong>Read Also:&nbsp;<\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/options\/contract\/\">What Is an Option Contract?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-profit-loss-and-breakeven-in-a-short-straddle-nbsp\"><span class=\"ez-toc-section\" id=\"Profit_Loss_and_Breakeven_in_a_Short_Straddle\"><\/span>Profit, Loss and Breakeven in a Short Straddle&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-1-maximum-profit\">1. Maximum Profit<\/h3>\n\n\n\n<p>Your maximum profit is limited to the total premium you collect from selling the call and the put. This happens only if the underlying asset stays exactly at the strike price on expiry. In that case, both options expire worthless, and you keep the full premium.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-2-maximum-loss\">2. Maximum Loss<\/h3>\n\n\n\n<p>The loss potential is unlimited on the upside, i.e., if the asset price rises sharply and substantial on the downside as asset prices cannot go below 0. Since you have sold both a call and a put, any big move, up or down, can lead to big losses.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-3-breakeven-points\">3. Breakeven Points<\/h3>\n\n\n\n<p>There are two break even points in a short straddle, one on each side of the strike price:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Upper Breakeven = Strike Price + Total Premium Received<\/strong><\/li>\n\n\n\n<li><strong>Lower Breakeven = Strike Price \u2013 Total Premium Received<\/strong><\/li>\n<\/ul>\n\n\n\n<p>If the price of the underlying asset stays within this range, you make a profit. If it goes outside, the position starts losing money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-example-of-short-straddle-nbsp\"><span class=\"ez-toc-section\" id=\"Example_of_Short_Straddle\"><\/span>Example of Short Straddle&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Suppose ABC stock is <a href=\"https:\/\/www.pocketful.in\/blog\/trading\/\">trading <\/a>at \u20b9100, and you are predicting that it is going to stay around this level for the upcoming days. So, you decide to create a short straddle.<\/p>\n\n\n\n<p>You will need to execute the following trades;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sell 1 Call Option at \u20b9100 strike,&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Suppose, Premium received = 6 points = \u20b9600, considering lot size to be 100<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sell 1 Put Option at \u20b9100 strike,&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Premium received = 6 points = \u20b9600<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total Premium Collected = 6 + 6 = 12 = \u20b91,200<\/li>\n<\/ul>\n\n\n\n<p>Now let us consider three cases,&nbsp;<\/p>\n\n\n\n<p><strong>Case 1 : If the stock closes on \u20b9100 at expiry : <\/strong>The call and put both expire worthless and you keep the full \u20b91,200 premium as profit, which is the maximum profit.&nbsp;<\/p>\n\n\n\n<p><strong>Case 2 : If the stock closes at \u20b9110 at expiry : <\/strong>Call is in the money and will be worth 10 points (110 &#8211; 100) or \u20b91,000 at expiry, whereas put will expire worthless.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Call Position = Premium received &#8211;&nbsp; intrinsic value of call = \u20b9600&nbsp; \u2013 \u20b91,000 = -\u20b9400<\/li>\n\n\n\n<li>Put Position = Premium received &#8211;&nbsp; intrinsic value of put = \u20b9600 &#8211; \u20b90 = \u20b9600<\/li>\n\n\n\n<li><strong>Net P\/L = P&amp;L from call + P&amp;L from put = -\u20b9400 + \u20b9600 = \u20b9200&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Case 3 :<\/strong> <strong>If the stock closes at \u20b985 at expiry : <\/strong>Put option is in the money and will be worth 15 points (100 &#8211; 85) or \u20b91,500 at expiry, whereas the call expires worthless.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Call Position = Premium received &#8211;&nbsp; intrinsic value of call = \u20b9600&nbsp; \u2013 \u20b90 = \u20b9600<\/li>\n\n\n\n<li>Put Position = Premium received &#8211;&nbsp; intrinsic value of put = \u20b9600 &#8211; \u20b91,500 = -\u20b9900<\/li>\n\n\n\n<li><strong>Net P\/L = P&amp;L from call + P&amp;L from put = \u20b9600 &#8211; \u20b9900 = -\u20b9300&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Read Also:<\/strong>&nbsp;<a href=\"https:\/\/www.pocketful.in\/blog\/trading\/options\/implied-volatility\/\">What is Implied Volatility in Options Trading<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-when-to-use-a-short-straddle\"><span class=\"ez-toc-section\" id=\"When_to_Use_a_Short_Straddle\"><\/span>When to Use a Short Straddle?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A short straddle is useful in the following conditions:<\/p>\n\n\n\n<p><strong>1.&nbsp; When You Expect Low Volatility<\/strong><\/p>\n\n\n\n<p>If you believe the price of the stock or index will stay near its current level until expiry, a short straddle can generate good profits.&nbsp;<\/p>\n\n\n\n<p><strong>2. After a Volatility Spike<\/strong><\/p>\n\n\n\n<p>Selling a straddle when <a href=\"https:\/\/www.pocketful.in\/blog\/trading\/options\/implied-volatility\/\">implied volatility (IV)<\/a> is high and likely to fall can be smart because options premiums are inflated during periods of high IV, and you collect more upfront premium. If volatility drops, option prices fall, which is beneficial for the seller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-advantages-amp-risks-of-short-straddle-nbsp\"><span class=\"ez-toc-section\" id=\"Advantages_Risks_of_Short_Straddle\"><\/span>Advantages &amp; Risks of Short Straddle&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-advantages-nbsp\">Advantages&nbsp;<\/h3>\n\n\n\n<p><strong>1. High Premium Collection<\/strong><\/p>\n\n\n\n<p>You receive premiums from selling both call and put options. You can generate decent profits using this compared to many other strategies.<\/p>\n\n\n\n<p><strong>2. Profitable in a Range-Bound Market<\/strong><\/p>\n\n\n\n<p>If the stock stays within a range, especially near the strike price, the short straddle can be very effective. Time decay, which is also known as theta, works in your favour.<\/p>\n\n\n\n<p><strong>3. Simple Setup<\/strong><\/p>\n\n\n\n<p>It is a simple strategy. Same strike, same expiry, sell one call and one put. No need to manage multiple strikes or legs like that in iron condors or butterflies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-risks-nbsp\">Risks&nbsp;<\/h3>\n\n\n\n<p><strong>1. Unlimited Loss Potential<\/strong><\/p>\n\n\n\n<p>This is the biggest concern because if the stock makes a big move in either direction, losses can be steep. There is no upper limit on how much you could lose.<\/p>\n\n\n\n<p><strong>2. Requires Active Monitoring<\/strong><\/p>\n\n\n\n<p>You cannot simply create a short straddle and wait till expiry as it may be necessary to adjust the positions or exit the trading position if there is any global event.<\/p>\n\n\n\n<p><strong>3.&nbsp; High Margin Requirement<\/strong><\/p>\n\n\n\n<p>Because of the risk involved, brokers usually require you to keep a substantial margin amount in your trading account to execute this strategy.<\/p>\n\n\n\n<p><strong>Read Also:<\/strong> <a href=\"https:\/\/www.pocketful.in\/blog\/trading\/types-of-futures-and-futures-traders\/\">Types of Futures and Futures Traders<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion-nbsp\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A short straddle is a powerful options strategy when markets are expected to stay quiet, but risky when they are not. It is best used by experienced traders who are comfortable managing trades actively and have a good understanding of market behaviour. The unlimited risk on both sides means you need to be very confident in your market view, keep an eye on your position, and be ready to act if things start moving against you. Remember to always manage risk smartly, because when the market moves, it can move fast. It is advised to consult a financial advisor before trading.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/what-is-algo-trading\/\">What is Algo Trading?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/spread-trading\/\">What is Spread Trading?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/quantitative-trading\/\">What is Quantitative Trading?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/arbitrage-trading\/\">Arbitrage Trading in India \u2013 How Does it Work and Strategies<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/commodity\/silver-futures-trading\/\">Silver Futures Trading \u2013 Meaning, Benefits and Risks<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">6<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/lowest-latency-broker-platforms-in-india\/\">Best Brokers for Low Latency Trading in India<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">When is a short straddle most profitable?<\/h3><p class=\"saswp-faq-answer-text\">It is most profitable when the underlying asset closes exactly at the strike price at expiry. In this scenario, both call and put expire worthless and you keep the full premium received at the beginning.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How do I know the breakeven points in a short straddle?<\/h3><p class=\"saswp-faq-answer-text\">You calculate breakeven by adding (upper breakeven) and subtracting (lower breakeven) the total premium received from the strike price.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Can beginners use the short straddle?<\/h3><p class=\"saswp-faq-answer-text\">It is generally not recommended for beginners because of the high risk and need for active management.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Can I close the short straddle before expiry?<\/h3><p class=\"saswp-faq-answer-text\">Yes, you can close your position anytime before expiry to lock in profits or cut losses.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How much margin do I need for a short straddle?<\/h3><p class=\"saswp-faq-answer-text\">Margins requirements can differ across brokers but tend to be high due to the unlimited risk involved.<\/p><\/ul><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Navigating range-bound markets can be challenging, especially when it comes to identifying strategies that generate consistent profits. One such approach tailored for stagnant or sideways price movement is the short straddle. It is a popular strategy among experienced traders who believe a stock or index will not move much in the near future. But while [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":19300,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"class_list":["post-19286","trading","type-trading","status-publish","format-standard","has-post-thumbnail","hentry","category-trading"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Short Straddle: Option Strategy with Examples - Pocketful<\/title>\n<meta name=\"description\" content=\"How a short straddle strategy works in range-bound markets. 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