↖️↗️ 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.
Ready to Trade Volatility?
Skip the guesswork. Profit from volatility in both directions with Straddle.
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