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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 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.
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