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TFC Commodity Trading Forum

Re: Aug Gold/ Remains in its Channel/Trades

Hi Trades,
Completely with you here !! We got into the "max. damage" discussion a long time back (likely during the Ronbo era. [sure hope he is OK] ). If trading a futures or looking to, I always check the options expiration and stay clear of it, or at least pay closer attention to what is going on.

Way too much work/time to pay attention. I started to look at "paper trading them" and quit.
I get pricing/value and quotes for CU12 that expire tomorrow, but nothing for CZ12.

I may check CZ tomorrow, just for fun. Cz has 29 days to exp. If you really thought Cz was going to make a move you may be able buy a put and a call about 10 strikes from the ATM line for about 6 bucks each and if either made the ATM line one might be worth 400 to 570 based on the current prices for the CU12 options that expire tomorrow.

What do you call this - a "straddle" ????
Using CU pricing as a guide, a 730 put is worth 6.25 and on the call side its at 825
With CZ currently at 777 I don't think it is a big stretch to imagine that Cz might move +- 30 bucks or so, and at most you are out about 12 bucks !!!

Now you can tell me where I'm "thinking stupid" !!!!

Maybe I'll call Ox tonight
Thanks, Lee