Buying Euro Currency Futures Puts On Market Bounces Could Be A Tremondous Opportunity.
MY ANALYSIS
Fundamenatlly, although the German Parliment passed the aid package for Greece, the overwhelmingly negative and bearish events of this past week may continue to pressure the Euro Futures.
Technically, this market is in a SUPER-TREND lower indicated by the 2 MA’s pointing lower and the market holding below them. The STOCHASTICS indicate that the market is oversold and should correct, but in TRENDING markets this indicator can stay at extreme levels for long periods of time.
OPTIONS ON COMMODITIES AND FUTURES IS NOT FOR EVERYONE
OPTION PLAY
BUY JULY EURO CURRENCY FUTURE PUT SPREADS
We also buy in a 3 to1 ratio an outright CALL in case the market makes a MAJOR move against us.
FOR A FREE CME REPORT OPTION BASICS CLICK HERE: http://www.zaner.com/3.0/mmck5.asp
WE ARE ALSO BUYING OPTIONS IN U.S. 30 YEAR TREASURY BONDS, GOLD, AND SOFTS.
FREE QUOTE- “It is far better to be on a moving train than in front of it.”
Before you place any of these trades in your account you should call or email me with your phone number for a detailed explanation of the strategies 312-277-0115 or mmckinney@zaner.com.
For More Trade Ideas: http://www.mckinneytrading.blogspot.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.
FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE-MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STRIKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT, OPTION PRICES MAY ONLY MOVE A FRACTION OF THE PRICE MOVE IN THE UNDERLYING FUTURES. IN SOME CASES, THE OPTION MAY NOT MOVE AT ALL OR EVEN MOVE IN THE OPPOSITE
