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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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