This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Trade Idea portion from March 16th.
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May mini-NATURAL GAS:
The mini contract is 1/4 the size of the regular contract. ($25.00 per penny move vs $100.00)
I will be looking to trade 2 mini contracts and carry basically 1/2 a regular contract. As this trendline gets tested, the short term objective will be a re-test of the recent low from 2 weeks ago. A 50% retracement off this recent leg lower comes in at 2.00 if you choose to play it that way.
SELLING 2 mini contracts at 1.95 (GTC) …last traded 1.94
Risk will be the 2.10 level …($750.00 on 2 minis)
Objective will be the 1.50 level …$2,250.00 on 2 minis
(short term objective 1.75 level …$1,000.00 on 2 minis)
*** For traders who like to use options to help protect future positions, look to the standard Natural Gas APRIL 2.00 call for roughly 25 points ($250.00). This would give you upside coverage for the next 13 days until we confirmed a move lower and could adjust our stop price lower too ***
intial margin is $495.00 per mini contract
Have a look:
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