Since the value of a straddle position can't be negative, then a straddle is a costless way of profiting from market movements.

Name: Since the value of a straddle position can't be negative, then a straddle is a costless way of profiting from market movements.
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Quizplus · Accepted Answer

This statement is false. While a straddle does provide the potential for profit from market movements, it is not a costless strategy as it involves buying both a call option and a put option, which both have premium costs.

Since the Value of a Straddle Position Can't Be Negative