By Paul Brittain • Feb 8th, 2010 • Category: Grains
Monday, February 8, 2010
July Wheat may have put in a bottom and could trade higher as we go into harvest, especially if there is any abnormal weather occurring. We are buying a 520/600 July Bull Call Spread (buy the 520 call and sell the 600 call) and also selling the July 480 put for premium collection. The trade is being filled at even money to a $100 debit, the risk on the trade would be two fold, above $4.80 but below $5.00 you risk is limited to whatever premium and commissions you pay, under $480 you will have unlimited risk. The profit potential is limited to the spread between 520 and 600 which is .80 X $50 or $4,000.
There is a substantial risk of loss in trading futures and options.
Past performance is not indicative of future results.
The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
Paul Brittain
Whitehall Investment Management
877-270-8403
702-463-0718
