> For the complete documentation index, see [llms.txt](https://docs.jaspervault.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jaspervault.io/support/tutorials/long-straddle-guide-combo-trading-on-jasper-pro-leverage.md).

# ↖️↗️ Long Straddle Guide: Combo Trading on Jasper Pro (Leverage)

## Introduction

The Straddle Strategy is now live on Jasper Pro – Leverage, allowing you to trade market volatility in one seamless combo order. Instead of placing a Call and Put separately, you can now execute a long straddle in one click with automated strike pairing and premium matching.

🔗 Already familiar with straddles? [Jump to placing a trade section](#how-to-place-a-straddle-trade).

## What Is a Straddle and How Does It Work?

When you expect high volatility but are unsure of the direction, a Long Straddle allows you to profit from big moves either up or down.

You’re buying both a Call and a Put at the same strike, giving you unlimited upside if the market pumps, and capped downside if it dumps.

📄 Refer to the one-pager below for a breakdown of:

* How the strategy works
* When to use it
* How to calculate breakevens and ROI

<figure><img src="/files/RDm8yOs24IjruQ1YjICE" alt="" width="563"><figcaption></figcaption></figure>

## How to Place a Straddle Trade

### 1. Connect Your Wallet

* Go to [Jasper Pro](https://app.jaspervault.io/pro/#/leverage) and connect your wallet based on your wallet provider
* Supported on Arbitrum, Base, and Bitlayer across multiple assets: BTC, ETH, ARB, iBTC, cbBTC, WBTC, WSOL.

<figure><img src="/files/9E6miA4bibIKC7lYS7hF" alt=""><figcaption></figcaption></figure>

### 2. Select Straddle Strategy

* Under “Buy / Long”, choose the Straddle tab.

<figure><img src="/files/EebhjQSTBMiHUlZO3gr8" alt=""><figcaption></figcaption></figure>

### 3. Configure Your Trade

* **Select Asset & Duration**: Pick your asset (e.g., BTC, ETH) and the desired duration (e.g., 30 min, 1 hr, 2 hr).

<figure><img src="/files/KzGpiR0fltaG7TrYF9Hv" alt=""><figcaption></figcaption></figure>

* **Strike Set Automatically**: Both options are automatically set at-the-money (ATM).
* **Input Trade Size**: Specify how much of the asset you wish to trade.
* **Select Payment Currency**: Choose from available assets (e.g., iBTC, ETH, USDT) to pay your premium.

<figure><img src="/files/uDeyPJamcCqadOYOTweb" alt=""><figcaption></figcaption></figure>

### 4. Choose Your LP Vault

* Browse the LP vault list to find liquidity providers for both the Call and Put legs.
* Pick the LP vault that aligns best to your trade based on pricing and size

<figure><img src="/files/QIzUnly35k6nDHQ2lgQa" alt=""><figcaption></figcaption></figure>

### 5. Execute and Monitor Trade

* Click Pay to confirm your trade.

<figure><img src="/files/oih4bOVjaECW5Bxt8zqd" alt=""><figcaption></figcaption></figure>

* Track your position under the Positions tab.
* Depending on how the price moves:
  * Profits from the Call leg are settled in the underlying asset (e.g., BTC, ETH).
  * Profits from the Put leg are settled in stablecoins (USDT, USDC).
* Check the History tab for a breakdown of gross profit, net profit, premiums paid, and ROI.

<figure><img src="/files/Ts7DILTMecopvLZFxDNJ" alt=""><figcaption></figcaption></figure>

***

## Ready to Trade Volatility?

Skip the guesswork. Profit from volatility in both directions with Straddle.

🔗 [Trade Straddle Now on Jasper Pro](https://app.jaspervault.io/pro/#/leverage)


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