# Introducing ETH Vol Bull Vault

**Long Straddle Option Strategy Explained:**

* A straddle is an option strategy where investor simultaneously buy a call and a put option on the same asset (ETH in our case), with the same expiration date and strike price.
* The goal of a straddle is to profit from significant price movements in the underlying asset (ETH in our case), regardless of whether it goes up or down.
* If the stock price moves a lot in either direction, one of the options will become profitable while the other may expire worthless or result in a loss. The profit from the winning option can potentially outweigh the loss from the losing option, resulting in an overall profit.
* However, if the underlying asset (ETH) remains stable and doesn't move much, investor may incur a loss
* Hence to invest in a Long Straddle option strategy means to anticipate future underlying asset price will be volatile.

<figure><img src="https://3743235123-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVKu7chbwQOiI6pbRZ5xG%2Fuploads%2Fj1JZiBi4kWj3DDgTevaz%2Fimage.png?alt=media&#x26;token=e9d27f10-dc65-4f5d-8355-c3246828a686" alt="" width="513"><figcaption><p>Payoff diagram of a Long Straddle option in ETH/USDT</p></figcaption></figure>

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