Options Play: No V-Shaped Recovery For Gold, But Trend Is Up
Wednesday, January 20, 2010
by Matt McKinney of Zaner
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OPTIONS PLAY: No V-Shaped Recovery For GOLD, But Trend Is Up
Although GOLD Took A Hit Today The Trend Is Still Up.
MY ANALYSIS
Fundamentally, if the U.S. DOLLAR can't close above 77.87 and make a new high for the move then we could see GOLD Prices rally strong from here and well into 2010.
Technically, the trend is up indicated by 3 critical MA'S. Also notice how VOLUME has come back strong in 2010. See daily chart below.
BUYING OPTIONS = STAYING POWER
OPTIONS PLAY
APRIL GOLD-1116/OUNCE
OPTION EXPIRY-MARCH 25TH
BUY APRIL 1175-1225 CALL SPREADS
We also buy in a 3 to 1 ratio an outright PUT in case the market makes a MAJOR move against us.
FOR 25 PROVEN OPTION STRATEGIES CLICK HERE http://www.zaner.com/3.0/mmck.asp
WE ARE ALSO BUYING OPTIONS IN U.S. 30 YEAR TREASURY BONDS, SILVER, GRAINS, SOFTS, and OIL.
THE BEST SERVICE I CAN OFFER YOU AS MY CLIENT IS WHEN TO GET IN AND WHEN TO GET OUT!
Call or email me with your phone number for a detailed explanation of the strategies 312-277-0115 or mmckinney@zaner.com.
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions
Matt McKinney resides in Chicago, Illinois. He has specialized in full-service options trading since 1998. He can be reached at 312-277-0115 or mckinney@zaner.com.
Matt has extensive experience trading options on the energies, metals, grains, softs and 30-year bond market. His strategies include time frames of 45-120 days with the ability to liquidate at any time. The downside risk in the strategies recommended is limited and pre-determined.
Matt's experience includes both fundamental and technical research. He formulates a specific market recommendation and strategy, while ensuring that the client understands the potential reward as well as the risk. If the client understands the trade, risk and potential reward, then the parties move on the trade.
From that point forward, Matt watches the trade every step of the way. He keeps the client posted on a regular basis and recommends when to take a profit or cut a loss. It's up to the client to make this decision based on the research provided.
Matt understands that this business is based on building a long-term relationship with the client, not only being a hardworking broker, but a friend as well. So, whether you're a novice trader who wants to participate in options on futures or an experienced trader who doesn't have the time to sit in front of the screen all day, Matt McKinney can help.
