This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Options, published on Tuesday, June 12, 2018.
Orange Juice Put Option
The Orange Juice market rallied over .300 points in April through mid-May (this advisory profited on a 150.00 call option). The market now technically looks primed to reverse its trend and sell-off. It has begun already since the initial recommendation. The Trend Seeker is now Down. The Stochastic indicator is displaying strong Momentum to the downside for September 2018 OJ. The MACD indicator, typically ahead of the Trend Seeker, is displaying a potential trend shift to the downside. The one caveat is the upcoming “hurricane season” can have profound effects on the physical crop. Trading this opportunity as the September 2018 contract broke a key pivot point three sessions ago using an option contract to reduce the risk to just the premium paid and avoid the use of stop losses.
Adjusting the entry price. Buy the September 2018 OJ 150.00 put on 290 points ($435) or better, GTC.
No margin requirement. Delta is .29. Expiration is August 17, 2018.
Maximum Risk: Risking the full amount of $435, not including commissions & fees.
Maximum Profit: Unlimited, not including commissions and fees.
September 2018 OJ Chart from Bar Chart
Contact your Daniels Trading broker by phone or email to place this trade.
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