Friday, April 23, 2010

Greek Tragedies and the New Euro Straddles

The great tragedies of Aeschylus, Sophocles, and Euripides (above), were
performed annually at the spring festival of Dionysus, god of wine, and
inspiration. Tragic drama developed in Athens in the 6th century B.C.,
probably arising from the choral cult songs of the Great Dionysia.

They began in 6th century BC, but the modern 2010 Greek tragedies continue to unfold with no end in sight. Today investors apparently thought that Greek's asking for the loan was good for the Euro. Chances are there is lots more trouble before any money changes hands.

Below are current straddles (strangles on FRE) for May and June.

If the Euro moves 2-3%, these can be rewarding. Computed with StraddlesCalc Tool

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

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