A certain well-known broker had their usual Wednesday chat, talking about the high volty and the opportunities. He then advised that this was a good time for a strangle straddle swap, a double diag. He went on about how the volty would be sucked out of the options soon. The only prob is that he did not mention that the profit will also be sucked out of a DD. It is vega positive and a big drop in volty will crush it. I sent him an email but not heard back from him yet. Will update you on his response. Perhaps I heard him incorrectly. Anyway, don't believe everything you hear.