ARTICLE SYNOPSIS ...Taming The Volatility Beast by Kevin Lund Take advantage of volatility and play those options. If you've traded options for any length of time, you've probably experienced the following scenario: You spot a stock that seems to have some good swings. After watching it drop for a few days, your technical analysis suggests the selling was simply profit-taking, and you feel the stock will move up soon. So you buy some call options. Over the next couple of days, however, as you watch your stock climb modestly, the value of your options drops, probably because you purchased expensive options. Thi...