BP continues to cut pipes under the ocean, and sink itself further. The straddles we posted on May 28 (last trading day before today) are now up +65%. We can safely say, so far.
Computed with StraddlesCalc Tool.
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
BP continues to cut pipes under the ocean, and sink itself further. The straddles we posted on May 28 (last trading day before today) are now up +65%. We can safely say, so far.
Computed with StraddlesCalc Tool.
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