Tuesday, May 11, 2010

Oil Up or Down, UCO Play for This Week

Oil inventories to be released tomorrow and with UCO trading near $11.57, here are today's straddles. Note that there are under 2 weeks to expiration so the risk starts to increase here.

Computed with StraddlesCalc Tool. Indicates a max. move needed of about 10%.

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

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