Oil Continues To Drop, At Perfect Price for June UCO Straddles

Amazingly, Oil dropped eve more today. Our favorite ETF, UCO, is at a perfect price exactly in the middle between strike prices. Here are the perfect straddles for June (not May!):

May expiration is too close and you do not want to buy in between strikes. Computed with StraddlesCalc Tool, which shows the maximum move required for the position to achieve profitability. Because there are still many days till June expiration, the actual move needed can be significantly lower, as happened repeatedly in May

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