Sunday, August 16, 2015

KC Long

Here was the coffee trade I never posted.

L /KCU5 off the bottom of this channel with a target to the top of the channel:
Long the futures ~ 122.15
But the JO options trade was the concept I put on:
  • Buy JO Aug 21call, Sell JO Aug 22 call vertical for $.20 Net debit = $200.
 When price reached top of channel, shown here:
  •  Sell vertical options spread for $.75, on 10 lots a net gain of $550. 

Futures gain much greater, of course!

No comments:

Post a Comment