OPTION TRADE OF THE DAY!
02/02/2010
MARKET- SOYBEANS
Soybeans appear to be bottoming and could be setting up to enter their seasonal tendency for rise through mid summer. To take advantage of the possible bounce from recent pullback in prices-buy the July 980 soybean call, sell the July 1080 call, and sell the July 880 put. Currently the trade can be done for a credit of about $300.00 minus commissions (there are three)
Maximum profit on this trade above 1080 in July Soybeans would be $5000.00 plus or minus costs or credits when entering the trades. The trade has unlimited risk below 880.0 in the July Soybeans futures contract
Please contact us with any questions or assistance with putting on this trade.
Paul Brittain
Whitehall Investment Management of Las Vegas
www.whitehallvegas.com
There is a substantial risk of loss in trading futures and options
Past performance is not indicative of future results.
The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
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 OF THE UNDERLYING FUTURES CONTRACT.
Paul Brittain
Whitehall Investment Management Las Vegas
Email: [email protected]
Phone 877 270 8403, 702 463 0718