November 22, 2013 - Issue #712
In This Issue
1. 25 Proven Strategies for Trading Options
2. Thanksgiving Holiday Futures Trading Schedule 2013
3. Economic Calendar
1. 25 Proven Strategies for Trading Options
By CME Group
If you are currently trading options on futures or are interested in exploring them further, check out our newly updated trading guide, featuring 25 commonly used options strategies, including butterflies, straddles, strangles, backspreads and conversions. Each strategy includes an illustration demonstrating the effect of time decay on the total option premium involved in the position.
Options on futures rank among our most versatile risk management tools, and are offered on most of our products. Whether you trade options for purposes of hedging or speculating, you can limit your risk to the amount you paid up-front for the option while maintaining your exposure to beneficial price movements.
Don't wait... Download the eBook "25 Proven Strategies for Trading Options" NOW!
2. Thanksgiving Holiday Futures Trading Schedule 2013
Thanksgiving Holiday Futures Trading Schedule 2013 for CME /
Globex and ICE Exchanges
All times listed as Central Time
CME Globex & CBOT Equity Products
Wednesday, Nov 27
4:15 CT – Regular close
5:00 CT – Regular open for trade date Friday, Nov 29*
Thursday, Nov 28
5:15 CT – Regular open – USD – Ibovespa Futures open for trade date Friday, Nov 29
10:30 CT – Trading halt
• Order entry, modification and cancellation allowed
5:00 CT – Halted products resume trading
Friday, Nov 29
5:15 CT – Regular open – USD – Ibovespa Futures
8:15 CT – Regular close – Big Equities (SP, MD, ND, SMP, ZD)
12:15 CT – Early close
CME Globex & CBOT Interest Rate & FX Products
Wednesday, Nov 27
4:00 CT – Regular close
5:00 CT – Regular open for trade date Friday, Nov 29*
Thursday, Nov 28
12:00 CT – Trading halt
• Order entry, modification and cancellation allowed
5:00 CT – Halted products resume trading
Friday, Nov 29
12:15 CT – Early close
*Note: Session orders entered after 4:45 CT / 5:45 ET on Wednesday are for trade date Friday, Nov 29 and will continue working until Friday’s close unless otherwise noted.
NYMEX, COMEX® Products
Wednesday, Nov 27
4:15 CT / 5:15 ET – Regular close
Exception: NYMEX Softs will remain closed until their regular open on Sunday, Dec 1
Thursday, Nov 28
12:15 CT / 1:15 ET – Trading halt
• Order entry, modification and cancellation allowed
5:00 CT / 6:00 ET – Halted products resume trading
Friday, Nov 29
12:45 CT / 1:45 ET
Regular close – Per each product schedule
Exceptions:
• Copper TAS – Early close 11:00 CT / 12:00 ET
• Silver TAS- Early close 11:25 CT / 12:25 ET
• Gold TAS – Early close 11:30 CT / 12:30 ET
• All Crude, Heating Oil, RBOB & Nat Gas TAS contracts close early at 12:30 CT / 1:30 ET
CBOT, KCBT, MGEX Grain & Agricultural Products
Wednesday, Nov 27
Regular Close – Per each product schedule
Note: Grain pre-opening between 2:30CT – 4:00 CT
4:45 CT – Products will be in a pre-open until 8:30 CT Friday, Nov 29*
Friday, Nov 29
7:00 CT– MGEX Apple Juice – regular open
8:30 CT– Grains open
12:00 CT– Early CBOT & KCBT close
12:15 CT– Early MGEX Wheat & Apple Juice close
12:30 CT– Early CBOT Mini – Sized grain close
12:30 CT– Early MGEX Indices close
Other CME Group Products on CME Globex
Wednesday, Nov 27
Regular close – Per each product schedule for:
• Livestock
• Lumber
Friday, Nov 29
• Lumber will remain closed until 9:00 CT on Friday, Nov 29
• Livestock will remain closed until 9:05 CT on Friday, Nov 29
• Dairy products will remain closed until their regularly scheduled open on Sunday, Dec 1
Thursday, Nov 28
12:15 CT – Ethanol & DDG trading halt
• Order entry, modification and cancellation allowed
5:00 CT – Ethanol & DDG resume trading
Friday, Nov 29
12:00 CT – Early close for Lumber, Weather, Dow Jones UBS ER & RS, GSCI & CPO
12:02 CT – Early close for Lumber Options
12:15 CT – Early close for Livestock Futures & Options, & Real Estate,
12:45 CT – Early close for Ethanol & DDG
ICE Futures U.S.: Russell Index & Credit Index Contracts
Thursday, Nov 28
Early Close 10:30 CT
Friday, Nov 29
Early Close: 12:15 CT
ICE Futures USDX
Thursday, Nov 28
Closed
Friday, Nov 29
Early Close: 12:15 CT
ICE Futures U.S.: Grains and Oilseeds
Thursday, Nov 28
Closed
Friday, Nov 29
Late open: 7:00 CT
ICE Futures U.S.: Softs
Thursday, Nov 28
Closed
Friday, Nov 29
Late Open for Cotton 7:00 A.M. CT
All Softs Early close 12:00 P.M. CT
More details at: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours
The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 11/25 Mon |
9:00 AM CST - Pending Home Sales(Oct) |
|
| 11/26 Tues |
7:30 AM CST - Housing Starts & Building Permits(Sep) 7:30 AM CST - Housing Starts & Building Permits(Oct) 8:00 AM CST - Case-Shiller 20-City Index(Sep) 8:00 AM CST - FHFA Housing Price Index(Sep) 9:00 AM CST - Consumer Confidence(Nov) |
LT: Nov Copper(CMX) Nov Gold(CMX) Nov Silver(CMX) Nov Platinum(NYM) Nov Palladium(NYM) Dec Natural Gas(NYM) |
| 11/27 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Durable Orders(Oct) 7:30 AM CST - Durable Orders-Ex Transportation(Oct) 8:45 AM CST - Chicago PMI(Nov) 8:55 AM CST - Michigan Sentiment-Final(Nov) 9:30 AM CST - API & DOE Energy Stats 9:30 AM CST - EIA Gas Storage 3:00 PM CST - Dairy Products Prices |
FN: Dec Natural Gas(NYM) |
| 11/28 Thurs |
THANKSGIVING DAY |
|
| 11/22 Fri |
7:30 AM CST - USDA Weekly Export Sales | FN: Dec 2,3,5,10 Year Notes(CBT) Dec Bonds(CBT) Dec Copper,Gold,Silver(CMX) Dec Platinum,Palladium(NYM) Dec Wheat,Corn,Oats(CBT) Dec Soymeal,Soyoil(CBT) LT: Nov Fed Funds(CME) Dec Heating Oil(NYM) Dec RBOB Gasoline(NYM) Nov Fed Funds Options(CME) Dec Lumber Options(CME) |
| 12/02 Mon |
9:00 AM CST - ISM Index(Nov) 9:00 AM CST - Construction Spending(Sep) 9:00 AM CST - Construction Spending(Oct) |
* 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!
