OPTIONS PLAY: Euro Currency Futures Fall Below Major Technical Support
The Fear Continues With The European Bailout Package As The Downward Trend In The Euro Currency Remains In Tact.
MY ANALYSIS
Fundamenatlly, the European Bailout of 1 Trillion Dollars doesn’t seem to be enough to stabilize the EURO CURRENCY Futures as they continue to move towards par. In my view, I expect the slide to continue as there are alot of individual Countries that all have to agree on the same thing and that doesn’t sound easy. In general, the EU and IMF move slow on issues and Markets tend to move quick.
Technically, this market is in a SUPER-TREND lower indicated by the 2 MA’s pointing lower and the market holding below them.
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 ON 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, OIL, AND SOFTS.
FREE QUOTE- “The trend is your friend.”
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
