Below are a few trade ideas using options that I am looking at as we head into May.
There are 10 charts below.
Of course the strike prices can be adjusted depending on your level of aggressiveness, objectives or desired premium to pay but here is a broad look at the markets that have my attention.
These can also be traded as futures contracts but those will be going out in The Cullen Outlook over the next week or so for those who get my emails. If not sign up using the link below and jump on board!
June Lean hogs:
77 puts for 1.10 ($440.00)
9.60 puts for 11 cents ($550.00)
124.00 calls for 1.20 ($480.00)
June US Dollar:
95 calls for 65 points ($650.00)
1200.0 puts for 6.5 points ($650.00)
3100 puts for 55 points ($550.00)
62.00 puts for 110 points ($550.00)
June Crude Oil:
40.00 puts for 53 points ($530.00)
June Natural Gas:
2.00 puts for 50 points ($500.00)
2025 puts for 12 points ($600.00)
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The Cullen Outlook is a futures trading newsletter for those wishing to follow the moves of Brian Cullen, an experienced technical trader. He’ll identify charts setups, provide direct trade recommendations and plans, and share other useful insights to help you become a better technical trader.
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.
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