Wednesday, March 10, 2010

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

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 diligence. This is not advice. Options are very dangerous and may cause 100% loss.

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