OPTIONS PLAY: UNLEADED GAS Touches Support On Weekly

UNLEADED GAS Has Pulled Back To A Support Line On A Weekly And Could Rebound From Here.

MY ANALYSIS

Fundamentally, the demand for energies has been very weak over the last several months, but with a surging GDP and UNLEADED Futures prices dropping about 27 cents in the last 2 weeks this could be an opportunity to buy call spreads.

Technically, on the WEEKLY chart t prices have pulled back to a critical MA. Also on a Measured Move typically this formation breaks-out in the direction on the existing trend which is UP. See WEEKLY cahrt below.

OPTIONS PLAY

MAY UNLEADED GAS-$2.04/GALLON

OPTION EXPIRY-APRIL 27TH

CONTRACT SIZE-42,000 GALLONS

LEVERAG FACTOR-$.10=$4,200

BUY MAY $2.25-$2.35 CALL SPREADS

FOR A FREE CME INTERACTIVE OPTION STRATEGY POSTER http://www.zaner.com/3.0/mmck8poster.asp

We also buy in a 3 to1 ratio an outright PUT in case the market makes a MAJOR move against us.

WE ARE ALSO BUYING OPTIONS IN U.S. 30 YEAR TREASURY BONDS, GOLD, 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