Tuesday, September 8, 2009

USO and UCO Oil Straddles for September and October

Oil is up significantly today on the weakness of the USD. Perhaps it is is time that UCO straddles are going to become profitable again, as they were in 2008, when they were constant winners, month after month after month.

Here are straddles and strangles for September and October.



Note: We have found in the past that UCO works better for straddles than USO.

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