> For the complete documentation index, see [llms.txt](https://docs.dvol.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.dvol.finance/smart-vaults-beta/eth-vol-bull-vault/introducing-eth-vol-bull-vault.md).

# 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="/files/M7omTQTfpSLz7hi8fyqv" alt="" width="513"><figcaption><p>Payoff diagram of a Long Straddle option in ETH/USDT</p></figcaption></figure>

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