With the large oil spike today, UCO calls once again became worth more than the entire straddle cost:
The calls were up +133%. Note that the actual move was 13.8%, versus max. move required of 20.10% (posted on March 30) .
UCO trading again at $9.50 puts it in the sweep spot for a 9-10 straddle:
A max. move required of 17% is relatively low for UCO.
Thursday, April 2, 2009
Posted by The Shocked Investor at 1:10 PM
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