Assertion: straddle's profit | /r/HasProperty | equal
Facets:
value: in the above example
type: OTHER
Source sentences:
text: Total profit is equal to the option payoff minus the breakeven price, so the long straddle profits when either the call or the put are in the money by more than the cost of both option premiums.
text: So, in the above example, if the underlier reached $35 when the call is exercised, then the total profit will be equal to $35 minus the breakeven price of $29 for a total of $6 per share.