L /KCU5 off the bottom of this channel with a target to the top of the channel:
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.
- Sell vertical options spread for $.75, on 10 lots a net gain of $550.
Futures gain much greater, of course!