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Here's what I think - Buy low sell high - CME June options |
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Written by Edward Chen
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Wednesday, 07 July 2004 |
Hi All,
No more long-winded trading journal.
While waiting for the market to visit Florida...
Here's a buy recommendation for those of you who already have an options trading account.
Stock symbol CME (Chicago Mercantile Exchange):
| Hide June, 2007 Options | | Symbol | Last | Change | Vol | Bid | Ask | Open Int. | StrikePrice | Symbol | Last | Change | Vol | Bid | Ask | Open Int. | | CMJFC | 217.40 | -64.30 | 20.00 | 155.90 | 156.90 | 54.00 | 360.00 | CMJRC | 0.30 | -0.20 | 7.00 | 0.05 | 0.10 | 238.00 | | CMJFE | 149.50 | -28.30 | 20.00 | 146.00 | 147.00 | 50.00 | 370.00 | CMJRE | 0.40 | -0.25 | 10.00 | 0.05 | 0.15 | 61.00 | | CMJFG | 152.00 | -18.80 | 10.00 | 136.10 | 137.10 | 52.00 | 380.00 | CMJRG | 0.50 | -0.30 | 80.00 | 0.05 | 0.20 | 134.00 | | CMJFI | 142.10 | -7.90 | 5.00 | 126.20 | 127.20 | 59.00 | 390.00 | CMJRI | 0.10 | +0.05 | 12.00 | 0.15 | 0.30 | 105.00 | | CMJFK | 123.30 | +10.10 | 1.00 | 116.30 | 117.40 | 52.00 | 400.00 | CMJRK | 0.15 | +0.05 | 10.00 | 0.25 | 0.45 | 147.00 | | CMJFM | 114.40 | -10.20 | 10.00 | 106.60 | 107.60 | 34.00 | 410.00 | CMJRM | 0.20 | +0.05 | 41.00 | 0.45 | 0.60 | 123.00 | | CMJFO | 104.40 | -10.40 | 10.00 | 96.90 | 98.00 | 76.00 | 420.00 | CMJRO | 0.71 | +0.29 | 20.00 | 0.75 | 1.00 | 345.00 | | CMJFQ | 92.70 | -18.10 | 10.00 | 87.40 | 88.50 | 20.00 | 430.00 | CMJRQ | 1.29 | +0.66 | 30.00 | 1.15 | 1.50 | 313.00 | | CNMFS | 101.80 | +3.10 | 10.00 | 78.20 | 79.20 | 25.00 | 440.00 | CNMRS | 1.70 | +0.66 | 20.00 | 1.85 | 2.20 | 802.00 | | CNMFR | 70.10 | -31.30 | 30.00 | 69.20 | 70.20 | 65.00 | 450.00 | CNMRR | 3.00 | +1.22 | 41.00 | 2.80 | 3.20 | 786.00 | | CNMFL | 61.00 | -2.68 | 5.00 | 60.50 | 61.50 | 33.00 | 460.00 | CNMRL | 4.70 | +2.08 | 272.00 | 4.10 | 4.60 | 604.00 | | CNMFN | 54.93 | +3.53 | 26.00 | 52.30 | 53.30 | 73.00 | 470.00 | CNMRN | 6.10 | +2.10 | 344.00 | 5.80 | 6.40 | 1,139.00 | | CNMFP | 38.80 | -15.50 | 10.00 | 44.60 | 45.50 | 27.00 | 480.00 | CNMRP | 8.80 | +3.40 | 30.00 | 8.10 | 8.70 | 749.00 | | CNMFQ | 37.70 | -2.80 | 2.00 | 37.40 | 38.40 | 56.00 | 490.00 | CNMRQ | 11.75 | +3.78 | 172.00 | 10.90 | 11.50 | 955.00 | | CNMFT | 31.10 | -2.90 | 29.00 | 30.90 | 31.80 | 200.00 | 500.00 | CNMRT | 15.20 | +3.90 | 1,348.00 | 14.40 | 15.00 | 3,415.00 | | CNMFB | 25.10 | -2.10 | 60.00 | 25.20 | 26.00 | 320.00 | 510.00 | CNMRB | 19.30 | +4.99 | 89.00 | 18.40 | 19.20 | 672.00 |  | 514.90 | Last as of 5/4/2007 | | CNMFD | 20.00 | -1.50 | 188.00 | 20.10 | 20.80 | 468.00 | 520.00 | CNMRD | 23.20 | +4.60 | 93.00 | 23.40 | 24.10 | 3,173.00 | | CNMFF | 15.95 | -0.85 | 101.00 | 15.80 | 16.40 | 395.00 | 530.00 | CNMRF | 27.00 | +3.60 | 12.00 | 29.00 | 29.80 | 300.00 | | CNMFH | 12.30 | -0.40 | 68.00 | 12.10 | 12.70 | 651.00 | 540.00 | CNMRH | 31.92 | +2.42 | 3.00 | 35.30 | 36.10 | 313.00 | | CNMFJ | 9.60 | -0.10 | 45.00 | 9.10 | 9.70 | 1,001.00 | 550.00 | CNMRJ | 39.60 | -8.40 | 17.00 | 42.20 | 43.10 | 922.00 | | CNMFZ | 6.80 |
| 25.00 | 6.70 | 7.20 | 471.00 | 560.00 | CNMRZ | 51.85 | +5.45 | 4.00 | 49.90 | 50.80 | 205.00 | | CNMFU | 5.07 | -0.33 | 35.00 | 4.80 | 5.30 | 818.00 | 570.00 | CNMRU | 53.33 | -4.37 | 1.00 | 57.90 | 58.90 | 220.00 | | CNMFV | 3.50 | -0.20 | 50.00 | 3.30 | 3.80 | 727.00 | 580.00 | CNMRV | 61.66 | +0.06 | 1.00 | 66.70 | 67.60 | 134.00 | | CNMFW | 2.35 | -0.15 | 16.00 | 2.30 | 2.65 | 504.00 | 590.00 | CNMRW | 78.32 | +9.92 | 1.00 | 75.70 | 76.50 | 92.00 | | CNMFX | 1.87 | +0.18 | 75.00 | 1.55 | 1.85 | 1,829.00 | 600.00 | CNMRX | 90.80 | +9.70 | 6.00 | 85.10 | 85.90 | 84.00 | | CWOFB | 1.00 | -0.18 | 10.00 | 1.00 | 1.25 | 179.00 | 610.00 | CWORB | 72.30 | +16.70 | 17.00 | 94.80 | 95.80 | 15.00 | | CWOFD | 0.80 | -0.10 | 3.00 | 0.65 | 0.85 | 618.00 | 620.00 | CWORD | 79.50 | -13.00 | 1.00 | 104.70 | 105.70 | 1.00 | | CWOFF | 0.60 | -0.60 | 16.00 | 0.40 | 0.60 | 317.00 | 630.00 | CWORF | 105.00 | +25.20 | 5.00 | 114.70 | 115.70 | 10.00 | | CWOFH | 0.20 | -0.15 | 2.00 | 0.25 | 0.40 | 252.00 | 640.00 | CWORH | 81.20 | -2.90 | 1.00 | 124.70 | 125.70 | 19.00 | | CWOFJ | 0.25 | +0.15 | 30.00 | 0.15 | 0.30 | 226.00 | 650.00 | CWORJ | 91.00 | -3.30 | 6.00 | 134.70 | 135.70 | 1.00 | | CWOFL | 0.10 | +0.01 | 10.00 | 0.05 | 0.20 | 117.00 | 660.00 | CWORL | 103.80 | -27.90 | 10.00 | 144.70 | 145.70 | 10.00 | | CWOFN | 0.10 | -0.05 | 50.00 | 0.05 | 0.15 | 218.00 | 670.00 | CWORN | 142.40 | +38.40 | 3.00 | 154.70 | 155.70 | 3.00 | | CWOFP | 0.10 | -0.40 | 20.00 | 0.05 | 0.10 | 123.00 | 680.00 | CWORP | 123.80 | -24.20 | 10.00 | 164.70 | 165.70 | 3.00 | | CWOFR | 0.10 | -0.25 | 10.00 | 0.05 | 0.10 | 146.00 | 690.00 | CWORR | 133.70 | -31.00 | 10.00 | 174.70 | 175.70 | 5.00 | | CWOFT | 0.10 | -0.10 | 20.00 | 0.05 | 0.10 | 215.00 | 700.00 | CWORT | 168.70 | -1.70 | 11.00 | 184.70 | 185.70 | 1.00 |
On the call side, pick a number between strike prices of $550 to $600 and buy that option on Monday.
Normal trading rules apply. Don't be greedy by placing more than a reasonable amount on any single trade.
And put a stop loss at $499. Because if this stock goes below $500, the momentum will be greater than any upside potential because it will be breaking a major support at its' pivot of $500. You can also buy massive puts (twice as much as the calls you bought) if this stock drops below $500, to make money on the downside.
My target price for this stock is $550. If it hits any number higher beyond that, I'll call it a bonus.
Personally, I might buy June's and sell some May's to cover some cost.
But we'll see what I finally decide on Monday.
Good luck! (Even though I don't believe in luck!)
=)
EC
p/s: Let me spell it out for you: (In case you really don't see what the above recommendation is about! Sheesh~!) At minimum (if you buy a $550 call) your money will at least be more than doubled, and the higher the strike price bought (say $600), your money will stand a chance of quadrupling or more. |
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Last Updated ( Thursday, 26 July 2007 )
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