SHORT STRADDLE
Strike Price – (Call Price + Put Price) = Low Break-even Point
Strike Price + (Call Price + Put Price) = High Break-even Point
LONG STRANGLE
OTM Put Strike Price – (OTM Call Price + OTM Put Price) = Low
Break-even Point
OTM Call Strike Price + (OTM Call Price + OTM Put Price) = High Break-even Point
Strike Price – (Call Price + Put Price) = Low Break-even Point
Strike Price + (Call Price + Put Price) = High Break-even Point
LONG STRANGLE
OTM Put Strike Price – (OTM Call Price + OTM Put Price) = Low
Break-even Point
OTM Call Strike Price + (OTM Call Price + OTM Put Price) = High Break-even Point