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

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

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

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

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

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

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