In This Issue
1. 25 Proven Strategies for Trading Options
2. Hot Market report: Bearish reversal on US Dollar index?
3. Economic Calendar
If you are currently trading options on futures or are interested in exploring them further, check out our newly updated trading guide, featuring 25 commonly used options strategies, including butterflies, straddles, strangles, backspreads and conversions. Each strategy includes an illustration demonstrating the effect of time decay on the total option premium involved in the position.
Options on futures rank among our most versatile risk management tools, and are offered on most of our products. Whether you trade options for purposes of hedging or speculating, you can limit your risk to the amount you paid up-front for the option while maintaining your exposure to beneficial price movements. To learn more about CME Group options, you can also visit our Options page
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From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
The U.S. dollar index on Thursday hit a seven-month high and then dramatically reversed course and dropped sharply. This has produced near-term chart damage and has created a big and bearish downside reversal pattern on the daily chart that suggests a near-term market top is now in place. To better suggest a near-term market top is in place for the USDX, there would have to be follow-through selling pressure on Friday. By the way, I have some educational tools that can help you out. Click here to find out more about my unique educational products.--Jim
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 12/07 Mon |
2:00 PM CST - Consumer Credit(Oct) |
FN: Dec Live Cattle(CME) |
| 12/08 Tues |
9:00 AM CST - JOLTS-Job Openings(Oct) |
LT: Dec Cotton(CME) Jan Sugar-16(ICE) |
| 12/09 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 9:00 AM CST - Wholesale Inventories(Oct) 9:30 AM CST - API & DOE Energy Stats 11:00 AM CST - WASDE Report & Crop Production 2:00 PM CST - Dairy Products Sales |
FN: Jan Sugar-16(ICE) |
| 12/10 Thurs |
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Export(ex-ag) & Import(ex-oil) Prices(Nov) 9:30 AM CST - EIA Gas Storage 1:00 PM CST - Treasury Budget(Nov) 3:30 PM CST - Money Supply |
|
| 12/11 Fri |
7:30 AM CST - Core PPI & PPI(Nov) 7:30 AM CST - Retail Sales(Nov) 7:30 AM CST - Retail Sales(ex-auto)(Nov) 9:00 AM CST - Business Inventories(Oct) 9:00 AM CST - Mich Sentiment(Dec) |
LT: Jan Coffee Options(ICE) |
| 12/14 Mon |
FN: Dec 2,5,10 Year Notes(CBT) Dec Copper(CMX) Dec Silver & Gold(CMX) Dec Platinum & Palladium(NYM) Dec Corn(CBT) Dec Wheat(CBT) Dec Oats(CBT) Dec Soymeal & Soyoil(CBT) LT: Nov Fed Funds(CME) Dec RBOB & ULSD(NYM) Nov Fed Funds Options(CME) Dec Lumber Options(CME) |
* 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!