http://investingadventures.disqus.com/enThu, 06 Dec 2007 08:45:08 -0000http://investingadventures.com/2007/11/new-weapon-to-arsenal.html#comment-1622136The straddle is good to use at the right time, but a strangle can be too. That's where you sell both sides. If it flattens you have a profit from both, but if it edges in either direction you only have a profit from one. If it takes off in either direction you face large losses.<br>I think it's worth checking the implied volatility of any option before picking a direction. Too high vol can lead to a quick drop in premium and vice versa.Alex - My Trader's JournalThu, 06 Dec 2007 08:45:08 -0000