AIG's Short Squeeze Has Gone Wild: Straddles For March and April

AIG has risen about 45% in the last 5 days:




Rumours are that they are about to pay part of their debt, but the most likely cause for its recent increase is a big short sellers squeeze. Anything coming from this stock should be taken with a great of salt. This stock should not be trading, but so should many others.

This is a typical play for our favorite straddles. Here are straddles for March and April:



Computed with StraddlesCalc Tool

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Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.