Entry Alert Update: EuroDollar

By: Patrice Johnson | Sun, Apr 26, 2009
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4/24/2009 8:57:36 PM

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LONG TERM TREND OF THE MARKETS: DOWN

Greetings, fellow J.E.D.I.,

The J.E.D.I. Way will re-attempt to straddle the May 2009 Eurodollar before the big news from the Treasury and the U.S. Automakers as follows:

(1) Buy to open one (1) Eurodollar May 2009 99.125 Call Option (Ticker Symbol: EDK999.125C) and
(2) Buy to open one (1) Eurodollar May 2009 98.75 Put Option (Ticker Symbol: EDK998.75P) at a limit price of $.025 (instead of $.02), Good Till Cancelled.

Note1: Our estimated order total for this straddle on the May 2009 Eurodollar Options is $91.78 (.025x$2500 plus $29.28 in commissions) [See contract specification for the Eurodollar Futures below]
Note2: The May 2009 Eurodollar options contracts expire on May 15, 2009. If we do not get filled by Wednesday, April 29, 2009,at our fill price above, we will cancel this straddle trade on the May 2009 Eurodollar.

Contract Specifications: ED,CME

Trading Unit:   1,000,000
Tick Size: $.01 ($25.00/contract)
Quoted Units: basis points
Initial Margin: $1,013 Maint Margin: $750
Contract Months: All 12 months.
First Notice Day: Cash settled on last trading day of contract.
Last Trading Day: Futures trading shall terminate at 11:00 a.m. (London Time) 5:00a.m. (Chicago Time on the second London bank business day before the third Wednesday of the contract month.
Trading Hours: 7:20 a.m. - 2:00 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at 5:00 a.m. on the last trading day (Mon).
Globex from 4:30 p.m. - 4:00 a.m. Chicago time, Mon-Thu.
Sundays & Holidays 5:30 p.m. - 4 p.m.
Daily Limit: none

Below is the May 2009 Eurodollar Futures Chart dated April 23, 2009:

Until Next Time.

Thanks for receiving my advise; Good Luck in your Trading; May the force of volatility be you!

Best Regards,

 


 

Patrice Johnson

Author: Patrice Johnson

Patrice V. Johnson
The J.E.D.I Way

Patrice V. Johnson

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