In employing the straddle options trading strategy, when you want to buy a straddle, focus on low volatility situations and make sure to leave enough time for the underlying stock to move before the time premiums start slashing at the options.

When you want to exit your position take a profit on part of your position as soon as it becomes possible. Then wait for the other leg to become profitable. You could also set a target profit margin and exit entirely as soon as you reach your target.