A Sell or Short Straddle is the opposite of a Buy Straddle. This strategy is employed when the investor anticipates that the underlying asset will experience minimal price movement, with limited volatility in either direction (up or down). This approach involves selling both a call and a put on the same underlying asset, with same strike prices and expiration dates. The primary goal is to generate net income from the premiums received. If the underlying asset's price remains relatively stable, the investor keeps the collected premiums as neither the call nor the put would be exercised. However, if the price moves significantly in either direction, the investor could face unlimited losses as the short call and put positions expose them to significant risk. This is a high-risk strategy and should only be undertaken when the market's volatility is expected to remain low.