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Remember that today is the last day of the 4-day rollover of USO. As expected, the price of near term oil contracts took a beating and continues to do so today.
UCO is currently trading at $7.50, right on the sweet spot for straddles:
The 6-9 is very illiquid, high risk, high-gain. Please note the number of day to expiration.
Prices computed with the StraddlesCalc V2 tool at http://nexalogic.com/nexastraddles.html
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