Read today in the WSJ that traders are buying up YHOO July calls/puts which are cheaper relative to volatility because they are so far out when compared with the February contracts. The article also fingers straddling as the culprit. How did they determine that it's straddling and not just some people buying puts and others buying calls? Also, I wouldn't the increase in time value negate the benefits of being cheaper relative to volatility, or would this not matter when you are holding for a week? How would you analyze this type of a straddle position to figure out which month to buy? Thanks, Joel