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

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

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

his strategy works best only in non--directional markets

Other:

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