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July 21st, 2017 Newsletter

Weekly Options Review. Learn to use weekly and even inter weekly options as a tool for speculation or hedge to open futures positions. Dollar Index has been under attack, review the chart.


July 21st 2017 - Issue #885

In This Issue

1. Trading 102: Weekly Options as Trading Weapon
2. Hot Market Report: Major Assault on U.S. Dollar Continues
3. Economic Calendar

1.Trading 102: Weekly Options as Trading Weapon by John Thorpe

There are 100's of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.


There are two main uses for the Weekly options

  1. As a hedge, no need for stops
  2. As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.
  3. Briefly, the definition of an option contract from the National Futures Association is: An investment vehicle which gives the option buyer the right—but not the obligation—to buy or sell a particular futures contract at a stated price at the specified expiration date. There are two separate and distinct types of options: calls and puts. These weekly options are European Style, Exercisable to the nearest futures contract at 3pm Central time on Friday. If in the money by any amount, the exercise is automatic.

    Weekly ES options have......* Update: Mini SP now has Monday, Wednesday and friday ( weekly options) Expirations!

    Read the Rest of the Article Instantly!

    Weekly Options

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    2. Hot Market: Major Assault on U.S. Dollar Continues

    From our friend Jim Wyckoff at JimWyckoff.com

    Click on image below to enlarge

    dollar index futures; The U.S. dollar index is a basket of six major world currencies stacked up against the greenback. See on the daily bar chart that the dollar bears are in strong command, with no early chart clues that a market bottom is close at hand. A depreciating dollar is a bullish element for the raw commodity sector. Stay tuned!

    3. Economic Calendar

    Source: Moore Research Center, Inc.

    Date Reports Expiration & Notice Dates
    07/21
    Fri
    2:00 PM CDT - Catfish Production
    2:00 PM CDT - Cattle
    2:00 PM CDT - Cattle On Feed
    LT: Jul Nikkei Options(CME)
    Jul Russell Options(CME)
    Aug 2,5,10 Year Notes Options(CBT)
    Aug Bonds Options(CBT)
    Aug Canola Options(CBT)
    Aug Wheat Options(CBT)
    Aug Corn Options(CBT)
    Aug Oats Options(CBT)
    Aug Rough Rice Options(CBT)
    Aug Soybeans,Soymeal,Soyoil Options(CBT)
    Aug Orange Juice Options(ICE)
    07/24
    Mon
    9:00 AM CDT - Existing Home Sales(Jun)
    2:00 PM CDT - Cold Storage

    FN: Aug Crude Lt(NYM)


    07/25
    Tue
    8:00 AM CDT - FHFA Housing Price Index(May)
    8:00 AM CDT - S&P Case-Shiller Home Price Index(May)
    9:00 AM CDT - Consumer Confidence(Jul)
    3:30 PM CDT - API Energy Stocks



    07/26
    Wed
    6:00 AM CDT - MBA Mortgage Applications Index
    9:00 AM CDT - New Home Sales(Jun)
    9:30 AM CDT - EIA Petroleum Status Report
    1:00 PM CDT - FOMC Rate Decision(Jul)
    2:00 PM CDT - Dairy Products Sales
    LT: Aug Copper Options(CMX)
    Aug Gold & Silver Options(CMX)
    Aug Natural Gas Options(NYM)
    Aug RBOB & ULSD Options(NYM)
    07/27
    Thu
    7:30 AM CDT - USDA Weekly Export Sales
    7:30 AM CDT - Initial Claims-Weekly
    7:30 AM CDT - Durable Goods Ex-Transportation(Jun)
    7:30 AM CDT - Durable Orders(Jun)
    9:30 AM CDT - EIA Natural Gas Report
    3:30 PM CDT - Money Supply
    LT: Jul Copper(CMX)
    Jul Gold & Silver(CMX)
    Jul Platinum & Palladium(NYM)
    Aug Natural Gas(NYM)
    07/28
    Fri
    7:30 AM CDT - Chain Deflator-Adv(Q2)
    7:30 AM CDT - Employment Cost Index(Q2)
    7:30 AM CDT - GDP-Adv(Q2)
    7:30 AM CDT - GDP Deflator(Q2)
    9:00 AM CDT - Michigan Sentiment-Final(Jul)
    FN: Aug Natural Gas(NYM)


    07/31
    Mon
    8:45 AM CDT - Chicago PMI(Jul)
    9:00 AM CDT - Pending Home Sales(Jun)

    FN: Aug Copper(CMX)
    Aug Gold & Silver(CMX)
    Aug Platinum & Palladium(NYM)
    Aug Soybeans,Soymeal,Soyoil(CBT)
    LT: Jul Fed Funds(CME)
    08/01
    Tue
    7:30 AM CDT - Personal Income & Spending(Jun)
    7:30 AM CDT - PCE Prices(Jun)
    7:30 AM CDT - PCE-Price Core(Jun)
    9:00 AM CDT - Construction Spending(Jun)
    9:00 AM CDT - ISM Index(Jul)
    1:00 PM CDT - Auto & Truck Sales(Jul)
    2:00 PM CDT - Cotton System
    2:00 PM CDT - Fats & Oils
    2:00 PM CDT - Grain Crushings
    3:30 PM CDT - API Energy Stocks
    LT: Jul Butter(CME)
    Jul Milk(CME)
    Jul Butter Options(CME)
    Jul Milk Options(CME)
    08/02
    Wed
    6:00 AM CDT - MBA Mortgage Applications Index
    7:15 AM CDT - ADP Employment Change(Jul)
    9:30 AM CDT - EIA Petroleum Status Report
    2:00 PM CDT - Dairy Products Sales
    FN: Aug RBOB & ULSD(NYM)


    08/03
    Thu
    6:30 AM CDT - Challenger Job Cuts(Jul)
    7:30 AM CDT - USDA Weekly Export Sales
    7:30 AM CDT - Initial Claims-Weekly
    9:00 AM CDT - Factory Orders(Jun)
    9:00 AM CDT - ISM Services(Jul)
    9:30 AM CDT - EIA Natural Gas Report
    3:30 PM CDT - Money Supply



    FN=First Notice, OE=Option Expiration, LT=Last Trade

    Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The release dates for certain economic reports may have been rescheduled.

    * Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

    ** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

    *** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

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