Mondo thinks he's a hot shot trader. He buys straddles and waits for the price to move more than 20% either way. If it does so, he makes good money, but (poll 8672765)

Mondo thinks he's a hot shot trader. He buys straddles and waits for the price to move more than 20% either way. If it does so, he makes good money, but

if he holds the position long, he will probably lose money

his strategy works best only in non--directional markets

he should set a sell order for when either the puts or calls have doubled in value

Other:

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