A lateral ankle support for treating acute and chronic ankle sprains comprises a minimally stretchable but flexible adhesive bandage having a generally rectangular fibula pad portion, a first strap portion extending from an end of the pad portion and a second strap portion extending from a side of the pad portion, the two strap portions defining an acute included angle. The support is adapted to be adhered to an ankle so that the pad portion extends posteriorly over the fibularis longus and brevis muscles, the first strap portion overlies the caleaneofibular ligament and the second strap portion covers the anterior talofibular ligament.