Stay Alert Stay Alive – Inside Futures

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SUGGESTION: SELL (2) AUG 30YR BOND 149/PUTS@ 14 ON A LIMIT.

Were collecting $218 per options X (2) or a total of $437.

Last in the Bonds 152-05.

options expire 7/21/2017

DTPRO SYMBOL: OZBQ7 P149

MARGIN: SPAN but i want you to have the full overnight margin for each option that your selling. Overnight margins for the bonds are $3465

RISK: Unlimited…. whaaaaat? We’re selling premium so this is the textbook version of the risk however if Im uncomfortable with this position I will announce it and cover the trade and take the loss. Prepare to take heat! Time is our friend.

Comments

Here’s the scoop, Im placing a bet that the Bonds for SEP will not close at/below the 149-00 at the time of expiration. Why not go long here? Bonds might flex its muscles or trash around before they decide to push back up.

Any questions call or email!

Stay Alert Stay Alive

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Burton Schlichter
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THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION.
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Burt Schlichter has over 20 years of futures trading experience, including educating, mentoring, and executing for retail and institutional clients. He places a strong emphasis on trading the markets from a technical standpoint and on utilizing spread trading.