Is Straddle In last week of expiry(BNF) good option?
say 3rd week friday BNF traded within 300-400 range we got 2 lots of straddle middle stiked with average price.
what are the chances of this play in last week assuming volatility of 800 points in general in bnf(expiry)?
please suggest whether its good or not or can be management with active money management or hedges with futures.