Iran Threatens, Oil Rockets Higher: Profit Either Way Oil Or Down

Oil has been very volatile with the latest Iran threats and U.S. responses.

Below are straddles on USO for January2012, from the free StraddlesCalc tool

11 calls and 9 puts, for a 6.83% move.

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