↖️↗️ 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.

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

How to Place a Straddle Trade

1. Connect Your Wallet

• Go to Jasper Pro 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.

2. Select Straddle Strategy

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

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).

• 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.

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

5. Execute and Monitor Trade

• Click Pay to confirm your trade.

• 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.

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Ready to Trade Volatility?

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

🔗 Trade Straddle Now on Jasper Pro