What is the key characteristic of a short straddle in terms of its sensitivity to market direction? Option: "It is directionally neutral, as profits are capped", "It is directionally neutral, as losses are uncapped", "It is directionally biased, benefiting from upward market movements", "It is directionally biased, benefiting from downward market movements"

What is the key characteristic of a short straddle in terms of its sensitivity to market direction?

What market conditions are generally favorable for implementing a short straddle strategy?

What is the primary objective when implementing a short straddle options strategy?

What happens to the profitability of a short straddle as the market moves significantly away from the strike price?

What is the primary objective of a short strangle option strategy?

What is the primary risk associated with a short strangle option strategy?