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
PUTS STRIKE OPEN INTEREST
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