Oil is down significantly today, USO rollover is s till a safe 2+ weeks away, and UCO is trading exactly at $7.50, at a perfect spot for straddles and strangles.
Oil as of 10:15AM:
Here are UCO May straddles and strangles and that maximum moves required computed with our StraddlesCalc tool:
Note that the OI on the 6 puts is still quite low.
With 25 days left to expiration, the actual move required will be much lower than the maximum as there will be value left on the wrong leg of the straddle even after a good move.
Monday, April 20, 2009
Posted by The Shocked Investor at 10:12 AM
- ► 2011 (510)
- ► 2010 (1051)
- Performance of HAX Actively Managed ETF
- Earnings Straddles Update
- FAS FAZ Banging Again
- US GDP Q1 2009 Is Just an Advanced Release, to be ...
- Under Armour Shares Rise on Earnings
- S&P500 Most Oversold and Most Overbought Companies...
- Daily MultiPeriod Performance of Leveraged ETFs
- FAS-FAZ Eclipse Update
- Straddles Update April 24
- Stock Paired Performance Tool Released
- The Next FAS-FAZ Eclipse
- Zenn Motor Update (ZNN), EEstor Announces Results...
- Straddles April 23, Amazon
- Natural Gas Inventories
- S&P500 Most Overbought and Most Oversold Companies...
- World GDP Growth for 2009 and 2010
- Leveraged ETFs Performance Since Inception
- Straddles Update April 21
- US Treasury on The Bank Stress Tests
- S&P 500 Most Oversold and Overbought Stocks, April...
- Straddles Update
- UCO Straddles for May
- The Citibank Arbitrage: Extreme Number of Options ...
- Straddles for The Week April 20-24 (Optimal Sizing...
- S&P 500 Most Oversold and Overbought Stocks By RSI...
- The Great FAS and FAZ Loss
- Dennis Gartman on BNN: Short Gold
- Earnings Calendar for the Week April 20 to April 2...
- New Citibank Straddles
- S&P 500 PE Tracker
- USO Rollover Report for April
- Cheapest Stocks in the S&P 500 by P/E
- Citibank Straddles and Strangles
- UCO Down Sharply , USO Rollover Ends today, Stradd...
- GM and The Easter Bunny
- Straddles for the Week April 13 - April 17 (optima...
- Natural Gas Inventories Touching 5 year Top of Cha...
- Upcoming Earnings Straddles
- A Night With The Bears - Part II, Roubini says No ...
- A Night With the Bears
- Performance of XLF vs SKF, UYG, FAS, FAZ
- Stock Correlation Tool Released
- USO Rollover
- Alcoa Strangle
- Gold and Silver Straddles Update
- Straddles for the Week April 5-April 9
- Brazil Will Loan To the IMF
- UCO Straddles April 2
- Natural Gas Update
- USO Rollover for April
- FAS FAZ Live Loss-O-Meter
- Quotes from Mark Carney
- Performance of Direxion Leveraged ETFs
- ▼ April (53)
- ► 2008 (59)