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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.
C earnings straddles returned handsomely. The 3-3 returned +260% in 2 days. This was even before any earnings were announced (which will occur this friday), as C rode on the tail of GS and WFC.
With C trading at $4, here are straddles for April and May and the maximum moves required:
4-4:
5-3:
MAY:
4-4:
5-3:
Computed with StraddlesCalc tool
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