OPTIONS PLAY: UNLEADED GAS Great Day Just The Beginning
After A Phenominal Day In UNLEADED GAS I Believe Its Just The Beginning.
MY ANALYSIS
Fundamentally, with phenominal Economic Data over the last few trading days starting with GDP on Friday, then the ISM Index yesterday, and finally Home Sales today, UNLEADED GAS Sky-Rocketed and could continue higher if Economic Data remains solid.
Technically, it looks as though UNLEADED GAS has formed a bottom here and should follow through higher.
OPTIONS PLAY
MAY UNLEADED GAS-$2.13/GALLON
OPTION EXPIRY-APRIL 27TH
CONTRACT SIZE-42,000 GALLONS
LEVERAG FACTOR-$.10=$4,200
BUY MAY $2.30-$2.40 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
