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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.
On April 20 we commented on the UCO straddles for May.
Here is an update:
7.50/7.50 Straddle:
Then, as posted:
Today:
Calls: 2.40
Puts: 0.10
ROI: +78%
6-9 Straddle:
Then:
Today:
Calls: $1.00
Puts: $0.00
ROI: +65%
Actual move on the underlying was +31%.
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