Oil soars: straddles return +142%

We posted these just 2 days ago. While gold did not move that much, oil certainly did.

These were computed with the StraddlesCalc tool. The beauty of straddles is that the investor can benefit whether the stick moves up or down.

With Saudi Arabia in talks to boost oil production, oil will continue to be volatile and may drop significantly, or rise further, just perfect for straddles.