TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.
OPTIONS PLAY: Undecided Comex Gold Futures Ready For Pop
As The Bulls And Bears Battle It Out In Comex Gold Futures I Believe The Bulls Will Win Out And Comex Gold Futures Will Make Another Record High.
MY ANALYSIS
Fundamentally, I believe the fear of U.S. and Global debt issues will win out because Governments will be forced to print more fiat currency in order to pay back debt. Possibly forcing traders and investors to seek plays in COMEX GOLD FUTURES.
Technically, I see COMEX GOLD FUTURES in a TREND higher which I define as a market that holds above the 20 period Moving Average. As the market pulls back to the 20 period Moving Average, this is in my opinion a buying opportunity. See weekly chart below. Additional charts and studies can be found at http://www.markethead.com/.
OPTIONS PLAY
BUY OCTOBER BULL CALL SPREADS
We also buy in a 3 to1 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/mmck7.asp
WE ARE ALSO FOCUSING ON COMMODITY OPTIONS IN U.S. 30 YEAR TREASURY BONDS, SILVER, OIL, GRAINS, SOFTS, and INDICES.
FREE QUOTE- “Winning is the most important thing in my life, after breathing. Breathing first, next winning” -George Steinbrenner, The Boss
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 and the risks involved at 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.
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 DIRECTION
