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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.
UCO is approaching $7.50 again. Below you will find updated straddles and strangles for February, March and April. Note that UCO Feb. requires a move of 15%, which does not take long lately.
Note also that oil is higher today, but UCO is lower. With straddles you don't care which way the stock goes, or whether they track what they are supposed to track or not.
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