Oil took a big hit this morning following the inventories report. With the UCO ETF being very near a 10 strike price, below are straddles for both November and December.
These allow an investor to profit whether oil goes up or down, as long as it moves the amount indicated. November's are of curse only 2 days away, so they are extremely dangerous.
Computed with StraddlesCalc.
Options are dangerous and may cause 100% loss. Please do your own due diligence.
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