Straddles can capture post-Fed price swings in Ether and Bitcoin

Investors who expect renewed ether (ETH) and bitcoin (BTC) price volatility can develop an option strategy to profit from it

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Markus Thielen, head of research and strategy at Matrixport, advocated buying ether "straddles"

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Buying a straddle includes buying call and put options with the same expiration and strike price

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Buying a call insures against positive price rises, while buying a put hedges against price declines. Option buyers pay sellers for protection

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When a company buys a straddle, it expects the underlying asset will skyrocket or dive enough to recover the investment

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Straddles are easy but risky. If the market stays flat, a trader can lose all call and put compensation

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Bitcoin neared $20,400 at press time. The cryptocurrency has been flat for nearly two months, with a 5% jump last week

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