Trying to learn options, had a question: if SNAP is either going to fail hard or do something crazy and fly up, isn't a Long Straddle/Strangle the way to go?

I'm trying to learn how options work, so this is more of an applied example. In my opinion, SNAP is either going bust because of their lack of revenue from their product, or they'll figure something out and they'll thrive. Either way, it either drops hard or moves up big. In this scenario. wouldn't entering a Straddle or Strangle option position with, say, 1 year expiration be a good way to make money?

Submitted September 05, 2017 at 03:25AM by anirudh6459 http://ift.tt/2eXSqUL