Forex | Forex | Energy options strangle play delivers gains the goods for investor (30/06/2009 05:38:46)

Energy options strangle play delivers gains the goods for investor

XLE – Energy Select Sector SPDR – Shares of the energy fund are higher by about 1% to $48.35. We observed one energetic option investor who appears to have purchased to close an 8,000-lot strangle today, that was originally established back on May 8, 2009. It looks as though the strangle was originally sold for a gross premium of between 3.58 and 4.22 through the sale of 8,000 puts at the June 47 strike price and the sale of 8,000 calls at the June 53 strike. Today the investor bought back the


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