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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
With UCO down 15%, anyone with UCO straddles can get out at a profit. Keep or ditch the calls, it is your choice! http://straddles.nexalogic.com/. UCO straddles maintain its 100% profitability ratio.
UCO is now at $8.25, right in the sweet spot between 7.50 and 9 strikes. Calls and puts are $0.45, just perfect. Computed with the StraddlesCalc tool:
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