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Below is a table showing the results of the UCO straddles, as well as USO and UNG for comparison.
The UCO 7.50-10 strangle returned 32% since this morning.
(Please click on image to enlarge.)
This what UCO did in the last 3 days, a drop of approximately 24%. Of course the advantage the straddles is that the profits would also have been achieved if oil had moved to the upside as well, (and you get to sleep well at night):
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