Wednesday, June 9, 2010

UNG Back to Its Old Self: Dropping and Dropping

Here are straddles for tomorrow's inventory numbers. For some reason, last week's numbers were interpreted as bullish, therefore, the chances increase that tomorrow we get bearish numbers. However, with straddles it does not really matter which way it goes, as long as it goes..

With less than 2 weeks to expiration these are of course very risky. However, no pain, no gain applies.

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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