Tuesday, October 13, 2009

Gold Straddles are Profitable: GLD +32% and Yamana +82% in 3 Weeks

Here are the GLD straddles from September 24. The maximum move required at the time was 4.79%. The actual move was 5.25%. That is a 32% ROI in 21 days (for an equivalent annualized return of about 11,200%.)

Similarly, Yamana's straddles returned +82%. the maximim move required was 11.8%, the actual move was 17% (annualized ROI of 2,600%):

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