Option Problem

An option trader decides to short an ATM straddle for Gold FEB-2020 options. The current price is 1464.5. Please answer following.

1. What is the underlying premise for this strategy?
2. What does trader want to happen to gold over the life of these options?
3. Is this strategy initially Delta neutral? Gamma neutral? Vega Neutral? If not, what are the hypothetical values of these greeks (maximums, minimums, zero?)
4. Using the option data below, build me a payoff table for these options, with breakeven prices, and maximum profit.
5. If, the strategy starts to loose money, what can the trader do to mitigate loses? What strike priced options might on use.

20.5	Charts	Last	Change	Prior Settle	High	Low	Volume
Feb- 2020	Show Price Chart (Links to an external site.)	1464.5	-18.6	1483.1	1485.3	1463.3	305085
Calls					Puts
Volume	Prior Settle	Change	Last	Strike Price	Last	Change	Prior Settle	Volume
0	44.6	-	-	1445	11.4	4.8	6.6	565
12	41	-12.2	28.8	1450	13	5.1	7.9	1859
13	37.5	-12.4	25.1	1455	15.9	6.4	9.5	127
565	34.3	-11.8	22.5	1460	17.9	6.7	11.2	611
46	31.3	-11.3	20	1465	20.5	7.3	13.2	1278
410	28.5	-10.5	18	1470	23.1	7.6	15.5	194
24	26	-9.8	16.2	1475	21.6	3.7	17.9	10
97	23.7	-8.4	15.3	1480	29.7	9.1	20.6	47
28	21.5	-	-	1485	33.2	9.8	23.4	27
145	19.6	-7.8	11.8	1490	30.2	3.7	26.5	57