I am 27 and I think you MAY be right with your assertion :)
That is why I bought $9 puts and $14 calls, when FAZ was at $11.00. The expiry is January, 2014.
I also WAY overweighted the puts, so this is not a true straddle but more a play on the volatility of FAZ - which I believe, and history shows, to be mostly downwards. (3:1 put:call ratio by value, 2:1 by number of options)
In addition to believing in solid fundamentals for financials, I also think this fund is poorly managed and thus hemorrhages money. The calls are merely for insurance against a doomsday scenario type event, such as a Korean peninsula war among other things.