# Straddle

*Derivatives & Options — Finicade finance glossary*

Buying a call and a put at the same strike, betting on a big move in either direction. You profit if the price swings far enough to cover both premiums — a pure bet on volatility, not direction.

**Related terms:** [Option](https://finicade.com/glossary/option), [Implied Volatility](https://finicade.com/glossary/implied-volatility), [Option Strategies](https://finicade.com/glossary/option-strategies)

**Taught in:** Hull Street — Trading Strategies with Options

Source: https://finicade.com/glossary/straddle