OPTIONS TRADE IDEA

Ali Cagdas Tuna Futures TraderAbout Ali Cagdas Tuna

Ali Cagdas Tuna is a futures and options trader based in Turkey, currently employed at Alp Consultancy. He has been trading since 2005 and during that time has had the opportunity to work with multiple CTAs.

 

March 26th, 2012

 

‘As April Options expired last week;we’re looking for a few options trade setup in May contracts.

Highest open interests are as below;

CALLS STRIKE OPEN INTEREST

        142            13728
        140              9349
        144              7338

PUTS STRIKE OPEN INTEREST

        135            11063
        129            10748
        133              9799

I’d prefer buying May 140 Calls with premium around 34-36 which means you’ll pay USD 546.88 + Commissions and fees.

You can see why I prefer this position from the chart below with comments on it.’

MAY 140 Calls Daily

 

Long Term Daily Chart

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

© Bond Market News Built for Bond Trading | BondMoves.com
CyberChimps