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Issue No. 5 September 25, 2005 Options Strategist and Editor: Ike Iossif, President & CIO, Aegean Capital Group, Inc. Market Commentary: Our two trade suggestions for this issue are in line with my expectations for the general market, and for the XAU. With regards to the general market I wrote the following: "The indices fell early on in the week in anticipation of wide destruction from hurricane Rita. Fortunately it did not happen, consequently, next week the odds favor a "relief" rally which ought to take the indices back up to resistance. If resistance is overcome, we could get new marginal highs." With regards to the XAU, please visit the following link to read my current analysis: XAU/HUI 9-23-05 In summary, I am short-term bullish on the general market, and short-term bearish on the XAU.
Trade #1 Index: Phil. Gold/Silver. Symbol: XAU Suggested Trade: Long: Oct. 110 puts Special Conditions/Other: YES
Comments: The XAU has met the upside objective, and now the odds favor a pullback between 105.4, and 100.5 Trading Strategy: We will buy to open 2 of the Oct110 puts (symbol: XAVVB) at the opening if the XAU opens lower, and continues lower, and we will add another3 contracts on a print below 107.5. If the XAU opens lower, but it reverses to the upside within the first 15 minutes, DO NOTHING! P/L Analysis Powered By OptionVue:
*SEE TRADE UPDATE AT THE BOTTOM OF THE PAGE
Please note: The recommended minimum starting capital is $50,000.00. Trade #2 Index: SP100. Symbol: OEX Suggested Trade: Long: Oct. 570 calls Special Conditions/Other: YES
Comments: As per my weekly commentary I am expecting a "relief rally." Trading Strategy: On a print above 564 we will buy to open 3 of the Oct570 calls (symbol: OEBJN) and we add another 2 contracts on a print above 568. We will use a close below 560 by the underlying index (OEX) as our exit point for a stop loss. P/L Analysis Powered By OptionVue:
Please note: The recommended minimum starting capital is $50,000.00. Copyright © 1999-2005 Aegean Capital Group, Inc./Marketviews.tv - All Rights Reserved. |
