Wednesday, June 10, 2009

UCO Straddles for June, ROI of +257%

Note: all straddles are computed with our StraddlesCalc tool.

UCO June Straddles Update, from prior posts

Update 10:35AM. After oil inventory reports, UCO is now trading at $10.90. UCO 12 calls are bid $2.15 ask $2.20, ROI of the strangle is +257% (3.5X).

Here is a 14-14 straddle for next week. Move required is 10.1%:

And a 14-13 strangle, move required is 11.0% (very high risk):

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