News trading with options

Hi,

I'm interested in trading NFP with forex options.
In theory increase in volatility and big price move should make straddle or strangle strategy profitable.
Somebody doing this ?

I'm looking for FX options data (price and greeks).
Somebody help ?
Thanks,

Andrew

higher implied vols will make the option price more expensive and your potential pay-off will not be worth the risk.

Hi Andrew_e,

I think it is a great idea especially just before the news as price flattens out and the premium should be lower. I believe that those with regular jobs should use options over the spot market or in conjunction with it.

Do you use options and which broker do you use?