Tuesday, April 20, 2010

Oil Option Plays For Tomorrow: UCO

Oil inventories will be released tomorrow morning. Here are the current straddles (strangles) for UCO in May.

Computed with StraddlesCalc Tool. As usual, the straddle requires a smaller move but any gains would also be lower.

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

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