In This Issue
Special Feature: Using Long Option Straddle Positions on Crude Oil Futures
Trader's Alert: Today's Last Notice / First Trade
Economic Reports and Expiration Notices
by Jonathan Day, Senior Broker with Cannon Trading Co., Inc.
Note: We suggest revisiting this article from our newsletter on April 30, 2008 given the continued volatility in crude oil futures.
In the last year, crude oil futures have risen almost 100% in price from a low of $61 to a high of $120.
In such a volatile market, what options strategies can we use to try to minimize our risk exposure when trading crude oil futures?
In this article, I will discuss such a strategy: the long option straddle position.
Continue reading Using Long Option Straddle Positions on Crude Oil.
Cannon Trading respects your privacy and will never give this information to a 3rd party.
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
April: Live Cattle, Fed Funds
May: Heating Oil, Rbob, Sugar
May: Corn, Mini Corn, Wheat, Mini Wheat, Oats, Rough rice, Soybeans, Soybean Meal, Soybean Oil, Mini Soybeans, Copper, Platinum, Palladium, Silver, Mini Silver, Gold, Mini Gold
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 05/01 Thu |
7:30 AM CDT - Personal Income & Spending(Mar)
7:30 AM CDT - PCE Core Inflation(Mar) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Construction Spending(Mar) 9:00 AM CDT - ISM Index(Apr) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply Auto & Truck Sales |
|
| 05/02 Fri |
7:30 AM CDT - Nonfarm Payrolls & Unempoy Rate(Apr) 7:30 AM CDT - Ave Workweek & Hourly Earnings(Apr) 7:30 AM CDT - Dairy Products Prices 9:00 AM CDT - Factory Orders(Mar) |
FN: May Heating Oil(NYM)
May Gasoline-RB(NYM) LT: May Frozen Pork Belly Options(CME) May Live Cattle Options(CME) Jun Cocoa Options(ICE) |
| 05/05 Mon |
9:00 AM CDT - ISM Services(Apr)
|
|
| 05/06 Tue |
|
FN: May Frozen Pork Bellies(CME)
|
| 05/07 Wed |
7:30 AM CDT - Productivity-Prel(Q1)
9:00 AM CDT - Pending Home Sales(Mar) 9:30 AM CDT - API & DOE Energy Stats 2:00 PM CDT - Consumer Credit(Mar) |
LT: May Cotton(ICE)
|
| 05/08 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Wholesale Inventories(Mar) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!