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.
Wednesday, April 14, 2010
Oil At Extreme: New Oil Straddles
After inventories were released today showing an unexpected drop, oil moved yet higher. This places UCO at a near perfect strike price of $14. Here are he updated straddles as of 12:25PM:
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