期权对冲利润 (Options hedge for profit)

Buy a call and put at the same time on GBPUSD. Wait for volatility to create profit and close the hedge. Repeat. Is it that simple? I've seen a statement from a very successful group of FX options traders that do exactly this. Over and over again. Several times a month these traders enter GBPUSD options hedges. I believe some hedges are calendar hedges but some appear to be plain hedges. Going long and short simultaneously. It appears the volatility in GBPUSD will eventually outstrip the premiums paid to enter the hedge. These people that are running this hedge fund are noted as "Risk Manager of the Year" by a prevalent commodities magazine.
Jeff Swanson