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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Good Morning—
May mini-NATURAL GAS:
(QGK6)
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.
TRADE IDEA:
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
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Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
