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July 15th 2016 Newsletter

Recoreded Options on Futures 101 Webinar Crude Oil Outlook and Chart

July 15th 2016 - Issue #837

In This Issue

1. Options 101 Recorded Webinar: Adding Options as a Weapon in Your Trading Arsenal
2. Hot Market Report: Nymex Crude Oil Prices Trending Lower
3. Economic Calendar

1. RECORDED WEBINAR Options 101: Adding Options as a Weapon in Your Trading Arsenal

Options on futures can be used in many different ways and as a trader you need to be aware of all the tools you can use!

View the recorded webinar from July 12th INSTANTLY. During this presentation, John Thorpe, Senior Broker with Cannon Trading and an ex floor trader shared and revierwed the following :

* Difference between Futures and Futures Options
* Option as an Insurance product
* Two components that make up the value of an option.
a. Time Value
b. Intrinsic value
* Buying Options
*Selling Options
* Examples of Option Strategy recommendations

And much more…

Please fill out the form below to view the recorded webinar instantly


Options 101 Webinar

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Cannon Trading respects your privacy and will never give this information to a 3rd party.

2. Hot Market: Nymex Crude Oil Prices Trending Lower

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

crude oil futures; The Nymex crude oil futures market is in a six-week-old downtrend on the daily bar chart and the bears have the overall near-term technical advantage. A drop in prices below solid chart support at $44.00 would give the bears more technical power to suggest a price drop below the $40.00 level in the coming weeks. The bulls will have to negate the price downtrend, meaning a move above trend-line resistance at $48.00, to gain some technical strength to then suggest sideways to higher price action is forthcoming.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
07/15
Fri
7:30 AM CDT - Core CPI & CPI(Jun)
7:30 AM CDT - Empire Manufacturing(Jul)
7:30 AM CDT - Retail Sales(Jun)
7:30 AM CDT - Retail Sales(ex-auto)(Jun)
8:15 AM CDT - Capacity Util & Industrial Prod(Jun)
9:00 AM CDT - Business Inventories(May)
9:00 AM CDT - Mich Sentiment(Jul)
11:00 AM CDT - NOPA Crush
LT: Jul Lean Hogs(CME)
Jul Lumber(CME)
Jul Nikkei Options(CME)
Jul E-Mini Dow Options(CME)
Jul E-Mini S&P 500 Options(CME)
Jul E-Mini NASDAQ Options(CME)
Jul S&P 500 Options(CME)
Jul Russell Options(CME)
Jul Lean Hogs Options(CME)
Aug Crude Lt Options(NYM)
Aug Orange Juice Options(ICE)
Aug Sugar-11 Options(ICE)

07/18
Mon
9:00 AM CDT - NAHB Housing Market Index(Jul)
3:00 PM CDT - Net Long-Term TIC Flows(May)
 
 
FN: Jul Lumber(CME)
LT: Jul Eurodollar(CME)
Jul Eurodollar Options(CME)
07/19
Tue
7:30 AM CDT - Building Permits & Housing Starts(Jun)
 
 
 
LT: Jul Coffee(ICE)
 
 
 
07/20
Wed
6:00 AM CDT - MBA Mortgage Index
9:30 AM CDT - API & DOE Energy Stats
2:00 PM CDT - Dairy Products Sales
 
LT: Aug Crude Lt(NYM)
Aug Platinum & Palladium Options(NYM)

07/21
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Philadelphia Fed(Jul)
8:00 AM CDT - FHFA Housing Price Index(May)
9:00 AM CDT - Existing Home Sales(Jun)
9:30 AM CDT - EIA Gas Storage
2:00 PM CDT - Milk Production
3:30 PM CDT - Money Supply

 
 
 
07/22
Fri
2:00 PM CDT - Cattle On Feed
2:00 PM CDT - Cold Storage
 
 
FN: Aug Crude Lt(NYM)
LT: Aug 2,5,10 Year Notes Options(CBT)
Aug Bonds Options(CBT)
Aug Canola Options(CBT)
Aug Wheat Options(CBT)
Aug Corn Options(CBT)
Aug Oats Options(CBT)
Aug Rough Rice Options(CBT)
Aug Soybeans,Soymeal,Soyoil Options(CBT)
07/25
Mon

 
 
 

 
 
 
07/26
Tue
8:00 AM CDT - Case-Shiller 20-City Index(May)
9:00 AM CDT - Consumer Confidence(Jul)
9:00 AM CDT - New Home Sales(Jun)
 
LT: Aug Copper Options(CMX)
Aug Gold Options(CMX)
Aug Silver Options(CMX)
Aug Natural Gas Options(NYM)
Aug RBOB & ULSD Options(NYM)
07/27
Wed
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Durable Orders(Jun)
9:00 AM CDT - Pending Home Sales(Jun)
9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - FOMC Rate Decision
2:00 PM CDT - Dairy Products Sales
LT: Jul Copper(CMX)
Jul Gold(CMX)
Jul Silver(CMX)
Jul Platinum(NYM)
Jul Palladium(NYM)
Aug Natural Gas(NYM)
07/28
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
FN: Aug Natural Gas(NYM)
 
 
 
FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. 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 release dates for certain economic reports may have been rescheduled.

* 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!

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