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| #1. Buy December Japanese Yen 88 Call options @ 30 pts.
($375.00), or better.
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| Major
currency analysts cite the Yen is the most undervalued of all major
currencies, experiencing a $8500.00 drop in the futures markets since
early March. Technically the Yen is extremely oversold based on both
the Relative Strength Index and William % R. Bullish divergence on the
weekly price charts indicate that a bottom may be in place. Commitment
of Traders indicate major divergence between the Commercials and Large
Traders; a bullish indicator. The Japanese Yen is potentially an
extremely volatile currency (making a $5000.00 move in the futures
market in less than a month this February/March), with an extreme low
volatility on the call options at present. Sharp falls in global equity
markets, the Bank of Japan responding to global pressure to increase
it's rates to bring the Yen to fair value, along with the ever
improving Japanese economy, could result in the unwinding of carry
trades (the selling of the Yen and purchase of currencies associated
with higher national interest rates) could inginite serious speculative
buying and possibly a dramatic increase in the value of the Yen. There
are over 5 1/2 months left on these options, and looks like a great
play!
* If filled, I would suggest placing a Good Til
Cancelled order to close out one half of your postions at twice your
buy price, plus commissions. That would leave you with free trades on
the balance of your options, and an opportunity to "swing for the
fence" on the remaining.
If
the market continues to fade back, and the options lose half their
value, I would suggest cashing them in and using the proceeds to
purchase half as many options at a closer strike price, same contract
month, forsaking leverage for position.
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| Existing
trade updates.
#1
March '08 SUGAR 11.00 Call options @ 26 pts. ($291.20).
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| Sugar
is on the move. These options are now trading at approx. 43 pts.
($481.60). If you had taken our advice, you would be out of half your
positions at double your buy in price, giving you free trades in the
balance of your positions, allowing you to swing for the fence on the
remaining options.
#2 March '08
EURODOLLAR Call options @ 12.50 pts. ($312.50).
Eurodollar
is holding support and starting to move. These options closed out at
21.50 pts. ($537.50) today. The seasonal buy comes up on the Eurodollar
next month, so we plan on holding on to these for a while.
#3
November OJ 175 Call options @ 330 pts. ($495.00).
These options closed out today at
approx. 240 pts. ($360.00). Hang tough here as we have nearly 4 months
to go, and what some climatologists are predicting as an active
hurricane season.
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Transworld
Futures and Options is a service oriented commodity trading
firm; Series 3 licensed and NFA certified. We strive to offer the
services and tools necessary to assist you to succeed in your commodity
trading plans; whether you are a beginning novice trader, or an
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Sincerely,
Robert
Rutger
Transworld Futures
1-877-843-4519
*There is
a risk of loss trading futures.
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