Instrument:
Notes: Entering a 800 long straddle using Mar 09 ES futures options at $78/contract.  Feel like prices are poised to break current levels. Only drawback is that volatilities have risen again , but they could still go higher which will only help the long straddle. Looking to make 20% on my investment while risking the same.  Expiration B/E's are 720 and 878.