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