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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.
We posted these strangles on June 12. Here are the current prices as of 11AM. The ROI in one day is +11/+12%. This is the beauty of straddles, it does not matter the direction the markets goes, and the bigger the surprise, the better the results.
IWM is trading at $50.94, -3.49%, and SPY at $92.74, -2.46%.
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