It can also be used in anticipation of a breakout on the charts after a long period of consolidation. Below, we'll look at the ins and outs of a long straddle: How it's played, the pros ...

A long straddle is an options strategy that involves buying at-the-money puts and calls for the same security with the same expiration date in hopes of profiting off of expected price volatility ...

The long straddle is ideal when you're not sure whether a stock is going to move higher or lower -- but you expect dramatic price action nonetheless. Maybe there's an earnings report or product ...