Weekly Newsletter #1131 Sugar Outlook, Options 101 free course + Trading Levels 1.27.2023
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Cannon Futures Weekly Newsletter Issue # 1131
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In this issue:
- Important Notices – CME Fees Increase
- Trading Resource of the Week – Options 101/102 FREE COURSE
- Hot Market of the Week – March Sugar
- Trading Levels for Next Week
- Trading Reports for Next Week
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Important Notices – CME to raise fees on certain markets. Both MICROS and emini stock indices are being increased by 5 cents per side.
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- Options on Futures 101 – Guide to different Future & Commodity options strategies. Options on futures can be an exciting as well as confusing trading world. From simple calls and puts to advanced options strategies.
In this FREE Course you will learn:
- Understanding Options Contract Details
- Explaining Call Options (Short and Long)
- The mathematical expectation model and how it can decrease your losses
- Understanding the Difference: European vs. American Style Options
- Calculating Options Moneyness & Intrinsic Value
- Introduction to Options Theoretical Pricing
- Options on Futures vs. ETFs
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
PriceCounts – Not about where we’ve been , but where we might be going next!
March Sugar has revived its rally with the chart poised for potential challenge of the December highs if sustained, would project a run for the low percentage fourth upside priceCount objective near 23 cents.
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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Trading Levels for Next Week
Daily Levels for January 23rd, 2022
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Weekly Levels
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Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
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
