Western roll Osborn (1924), Walter Marty (1933), and Cornelius Johnson (1936). Johnson's record, (), was equaled on the same day by Dave Albritton, the first world record holder to use what we now call the straddle technique. At first, the straddle was viewed as just a variation of the Western roll, and indeed video of the 1936 Olympics shows Albritton using a conventional Western roll at lower heights. The straddle did not come to dominate the high jump until the mid-1950s, by which time it was recognized as a separate style. Walt Davis was the last Western roll jumper to hold the
Straddle In that case both puts and calls comprising the straddle expire worthless allowing straddle owner to keep full credit received as their profit. This strategy is called "nondirectional" because the short straddle profits when the underlying security changes little in price before the expiration of the straddle. The short straddle can also be classified as a credit spread because the sale of the short straddle results in a credit of the premiums of the put and call. A risk for holder of a short straddle position is unlimited due to the sale of the call and the put options which