Thursday, May 6, 2010

New Oil Straddles: UCO Rocks

With the US dollar continuing to go higher, and oil continuing to go down, our preferred oil instrument UCO is approaching $12, another perfect spot for new straddles.

Here they are as of 10:50AM, still not perfect, but very close.

Update 11:35AM, UCO is at a perefct $12. Here are 11-13 versions:

The previous 14 straddles are as below:

An ROI of +94% is too good to pass.

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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