Tuesday, December 8, 2009

Straddles For The Recovery Of The U.S. Dollar and The Drop in Gold: GLD, UUP, AUY, EWZ

The US Dollar may be finally giving signs of a recovery. Here are the straddles for December. With 10 days to expiration, these are risky. They were computed with the StraddlesCalc tool.

If you believe the US Dollar can move 2.8% in 10 trading days, then that can be a good option. However, because UP is right in the middle of strikes (22 and 23), it is also very risky and it may end between those strikes, making both positions worthless.

We usually prefer our favorite versions, AUY (Yamana), and EWZ (Brazil):

Note: You may receive technical analysis and alerts of these stocks, sent automatically to you, by entering the symbols in the Technical Trend Analysis Tool, (powered by INO).

Please do your own due dilligence. Options are very risky and may cause 100% loss. This is not advice!

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