Leverage…A double edge sword 7/16/9
It has been some time since all the energies were green on the day(positve). As of this post natural gas was higher by 12%, the highest trade in 9 days. Guess what we are still advising $1 call spreads in October. I’m guessing investors will start to move because they love to chase the market. To be successful you should at least try to get in before a move starts. You have not missed the trade in our opinion, we think this could be just the beginning. Contact us to get positioned. We have no trade ideas in currencies presently. If you second guessed why we advised clients to exit corn toady December lost 3.5% trading to a new contract low. Gold and silver are buys, today clients were buyers of October $1050 calls in gold and December $14/17 call spreads in silver for $2750. Additionally we advised clients to buy August and September ES calls expecting a move thru 950 and potentially a test of 1000. August lean hogs broke above 65 today, see blog from yesterday. December 15 cent spreads in coffee are still a buy. It has been awhile since we’ve traded cotton for clients. we advised them to buy October 55 cent puts today looking for some give back.
Tags: coffee, commodity, corn, cotton, forex, futures, gold, lean hogs, natural gas, options, S&P, short covering, silver, us dollar
