---
title: "Options Education - Straddles, Strangles, and Spreads"
slug: "options-education-straddles-strangles-spreads"
description: "Advance your options trading expertise with \"TradeMachine Option Education Part 3.\" Explore sophisticated strategies including straddles, strangles, and time spreads with Jason Hitchings. Gain insights into delta, implied volatility, and managing time spreads to enhance your trading acumen. Perfect for traders seeking to deepen their understanding of options market dynamics and refine their trading strategies."
updated: 2024-07-16T16:46:41Z
published: 2024-07-16T16:46:41Z
canonical: "learn.trademachine.com/options-education-straddles-strangles-spreads"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://learn.trademachine.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Straddles, strangles, and spreads

"Session 3: Straddles, strangles, and spreads" details the mechanics and potential outcomes of trading these options, including the effects of market movements and volatility on their values and how these options can be used strategically to profit from various market scenarios.

<center data-tomark-pass="">
<h2><strong>Session 3: Straddles, strangles, and spreads</strong></h2>
<p><iframe class="embed-responsive-item youtu-player" width="320" height="240" src="https://www.youtube.com/embed/4R1J6-_MNG4" frameborder="0" webkitallowfullscreen="" mozallowfullscreen="" allowfullscreen=""></iframe></p>
</center>

### Topics Covered in this session:

1. Just Move: Long Straddles
2. Really Move: Long Strangles
3. Betting on Calm: Short Straddles
4. Betting on Relative Calm: Short Strangles
5. Own the Backmonth: Long Time-Spreads
6. Short on Time: Short Time-Spreads
7. Summary and Q&A

  

[Video Transcript](https://learn.trademachine.com/docs/straddles-strangles-and-spreads-options-education-part-3)

## Related

- [Straddles, strangles, and spreads - Options Education Part 3](/straddles-strangles-and-spreads-options-education-part-3.md)
- [The Basics](/options-education-the-basics.md)
- [Vertical Spreads, Delta, IV](/options-education-verticalspreads-delta-iv.md)
- [Diagonals, Multi-legs, Theta & Gamma](/options-education-diagonals-multilegs-theta-gamma.md)
- [Understanding Implied Volatility: Trading Diagonals](/understanding-implied-volatility.md)
- [Option Speculation](/option-speculation.md)