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 bought at the same strike price and expire at the same time. The owner of a long straddle makes a profit if the underlying price moves a long way from the strike price, either above or below. Thus, an investor may take a long straddle position if he thinks the market is highly volatile, but does not know in which direction it is going to move. This position is a limited risk, since the most a purchaser may lose is the cost of both options. At the same time, there is unlimited profit potential. For example, company XYZ is set