Profitting From BP Soaring or Going Bankrupt - Part II

BP has recovered quite a bit of ground recently due to all the news about a new oil cap being installed. The new cap, if successful, will allow BP to recover about 80,000 bpd. This in spite of the fact that the company claimed that only a few thousand bpd were leaking. There are news as well of impending takeover of BP.

In spite of all the lies and the incredibly disaster in the gulf, below are straddles for BP, for both July and August, computed with StraddlesCalc Tool. Since July only has another 4 option days, they are extremely risky.

As readers know, these straddles have been very profitable.



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