Assertion: straddle | /r/HasProperty | bought
Facets:
Source sentences:
text: Because both the call and the put have the same strike price, the options are at- or near-the-money when the straddle is bought or sold.
text: The 250 put expires worthless but the 250 call has more intrinsic value than the straddle was bought for, and therefore the long straddle position is profitable.