# ↖️↗️ 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="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FFwXTAHQatjtvAXGUQuHl%2Fimage.png?alt=media&#x26;token=7c02b894-202e-4d0c-b7a9-fe0a0d51eb57" 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="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FLBkPeflKzHlNeVAm7eXr%2Fproimg22.png?alt=media&#x26;token=7dc364de-c6aa-430c-98e0-dbec669424f1" alt=""><figcaption></figcaption></figure>

### 2. Select Straddle Strategy

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

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FMgA7dtMwxqYqfQjvkEz2%2Fproimg24.png?alt=media&#x26;token=e89adafd-2877-4bb4-8b22-d477c2c0dfe7" 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="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FetMOsMXu2DZLQcMwfPrl%2Fproimg23.png?alt=media&#x26;token=97f794fb-d6e0-4b43-b76c-c85bd1ddc85b" 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="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FuLXZInCWnh9og4UVSpH3%2Fproimg25.png?alt=media&#x26;token=db97a74a-2c36-4f72-9f46-61eb66c51407" 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="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FSM2BQ4ZKF0A8yc9Ak6fh%2Fproimg26.png?alt=media&#x26;token=cc001a7c-8515-48fa-b541-ecf172eec7d1" alt=""><figcaption></figcaption></figure>

### 5. Execute and Monitor Trade

* Click Pay to confirm your trade.

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2Fnucw5yD6m2Nft0icVR07%2Fproimg27.png?alt=media&#x26;token=edd7cffb-cc3f-4500-9c65-630199c5b0b4" 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="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2F5im8mLQUsFlBAH6ECxgR%2Fproimg28.png?alt=media&#x26;token=fcf953f5-1cbc-448e-8ce6-a1c3506871ec" 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)