OPTIONS PLAY: Pull Back In GOLD, Buying Opportunity

[mckinneytrading]

MY ANALYSIS

Fundamentally, with the U.S. DOLLAR failing to make new highs for the move we should see GOLD prices climb in the coming days and weeks.

Technically, we see GOLD in an SUPER-TREND higher indicated by the 2 MA's.

BUYING OPTIONS=STAYING POWER




OPTIONS PLAY

JUNE GOLD-1123/OUNCE

OPTION EXPIRY-MAY 25TH

CONTRACT SIZE-100 TROY OUNCES

LEVERAGE FACTOR-$10=$1,000

BUY JUNE 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: 25 proven options-on-futures strategies

WE ARE ALSO FOCUSING ON OPTIONS IN U.S. 30 YEAR TREASURY BONDS, SILVER, GRAINS, SOFTS, and INDICES.

Call or email me with your phone number for a detailed explanation of the strategies 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