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CK Choy.

Market Sense 市场意识: Crude oil, China, Debit Spread
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

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Note:
All TA (Technical Analysis) view using charts are for illustration purpose only.
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Monday 3 October 2016

Crude oil, China, Debit Spread

by Daniel Loh

CL bottom - $26, double up resistance - $52. For speculative product, will drop about 20% from top = $40. CL will trade between $40 - $52 till Dec 2016. 2017 will trade between $50 - $60 sideways.
If we have $20k account, we can make 1% per month by selling naked 1 lot CL $37 PUT (30 days) with premiums of $0.20 - $0.30. No hedging is necessary.
If CL drops to $37, it will get assigned ITM and converted to futures. Margin needed - $3190. Hold till it goes up to $52. If we are more bullish, we can hold longer till $60. Need to roll over to following month near futures expiration date. Profit/ Loss will be realized when we roll to following month, but margin remains same at $3190.
We can also consider selling naked 1 lot CL $57 CALL (30 days) with premiums of $0.20 - $0.30 for additional 1% returns per month.

China economy bottoms 2H 2016
Invest
1)Commodities - gold, silver, copper, corn
2)China Banks
3)China related property stocks
4)China related Reits

Debit Spread
Bullish - Bull Call Spread - buy ITM call and sell OTM call
Bearish - Bear Put Spread - buy ITM put and sell OTM put

Bullish Debit spread Strategy
- May use Bull Call Spread on stocks that have triple top breakout
- buy ITM call and sell OTM call with 60 or 90 days to expiry
- set a 50% stop loss and 50% profit target


Posted by ckchoy77 at 23:41
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