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Is a Long Straddle a Positive or Negative Vega Position?

A long straddle is a positive Vega position because buying options benefits from an increase in implied volatility.
Greeks.Live24.11.25

Is a Long Straddle a Positive or Negative Vega Position?

A long straddle is a positive Vega position. A long straddle involves simultaneously buying an ATM call and an ATM put with the same strike and expiration.

Since a long option position always has positive Vega, a long straddle benefits from an increase in implied volatility. An increase in IV will increase the value of both the call and the put, increasing the total premium of the straddle.

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