FOT1009or5.pdf

(8799 KB) Pobierz
Futures & Options Trader October 2009 Issue
October 2009 • Volume 3, No. 10
TRADING FUTURES
with implied
volatility p. 10
TESTING A
“double-butterfly”
system p. 20
BEYOND THE
CREDIT SPREAD:
Diagonal put spreads p. 14
GOLDEN
opportunity p. 31
BULL PUT SPREAD
pays off p. 32
FUTURES BASICS:
Front and
back months p. 22
166366665.051.png
CONTENTS
Top 10 option strategy traders ranked by August
2009 return.
Options Trading System Lab
Trading two butterfly spreads with a short-term
outlook has been surprisingly effective since
2004.
By Steve Lentz and Jim Graham
Futures Basics
Learn the difference between the different
contract months in your market.
By FOT Staff
Trading Strategies
Implied volatility: An overlooked tool
Implied volatility is usually associated with
options trading, but futures and stock traders
can use this information too.
By Keith Schap
Diagonal put spreads:
How to profit from volatility surges and time
decay with a put spread that encompasses
different expiration months.
By John Summa
2
October 2009 • FUTURES & OPTIONS TRADER
166366665.062.png 166366665.073.png 166366665.082.png
Derivatives, simpliied
Nadex. Make the trade you want, when you want. Simple.
t Nadex – the North American Derivatives Exchange
– we know how quickly things can change. We know you
have a view on the Credit Crunch and the future of oil
prices, so we know you need straightforward, instant access to
trade the markets.
Limited risk
With Nadex products, we keep things simple. You know your
maximum possible proit and loss from the start, which limits your
exposure to extreme price changes.
Each of our Spread contracts has a Floor and Ceiling associated
with it, representing the maximum and minimum settlement levels.
Your proit/loss is restricted by these levels, no matter how far
past either level the underlying market may have moved.
And our Binary Options can only be settled at 0 or 100, so you
know your maximum risk on a trade in advance.
That’s why we’ve made derivatives trading fast and simple.
At Nadex you can trade on stock indices, commodities, forex
and inancial events with limited risk, in a transparent, regulated
marketplace. These are just some of the markets we offer:
• Wall Street 30, US 500, FTSE 100, Germany 30, Korea 200
• EUR/USD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY
• Crude Oil, Natural Gas, Gold, Silver, Copper, Corn, and Soybeans
• Payroll igures, interest-rate decisions, and more
easy access, simple trading
No trading fees for your irst four weeks!
Simply follow your view and go long or short on hundreds of
inancial markets, with our easy-to-use products:
• Spreads
• Binary Options
Open a Nadex account in just ive minutes and gain free access
to our unique Direct Access trading platform:
• Free – no charges to set up an account or use our platform
• direct access – trade directly into the exchange on all our markets
• Fast – real-time streaming updates
• Flexible – browser-based trading platform
• powerful – open multiple order tickets
What’S a Spread COntraCt?
Our Spreads provide you with easy exposure to the markets. They
are straightforward, short-term limited risk contracts, which are
settled against the prices of underlying markets (generally Futures).
What’S a Binary OptiOn?
A Binary Option asks you a question. For example: will the Wall Street
30 inish up today? Will GBP/USD climb three points by 2 p.m.?
Do you agree or not? Our Binary Options settle at 100 if the event
occurs, or at 0 if the event doesn’t occur.
Simulate your trading on our free
demo platform, with absolutely
no risk, and no obligation. Visit
www.nadex.com t o submit your
details and begin your test drive.
Simple.
Small contract sizes
At Nadex we’ve made it easy to trade what you want.
• Contract sizes are smaller than contracts in the underlying market
• A wide choice of expiry times
• Broad range of strike prices and Spread ranges
NADEx
Nadex is a designated contract market subject to regulatory
oversight by the Commodity Futures Trading Commission. Nadex,
Inc. is part of the global IG Group – a world leader in inancial
derivatives trading. IG Group is a UK FTSE 250 member with
several operating companies around the world, offering trading
products to more than 70,000 active retail and professional clients.
A
166366665.001.png 166366665.002.png 166366665.003.png 166366665.004.png 166366665.005.png 166366665.006.png 166366665.007.png 166366665.008.png 166366665.009.png 166366665.010.png 166366665.011.png 166366665.012.png 166366665.013.png 166366665.014.png 166366665.015.png 166366665.016.png 166366665.017.png 166366665.018.png 166366665.019.png 166366665.020.png 166366665.021.png 166366665.022.png 166366665.023.png 166366665.024.png 166366665.025.png 166366665.026.png 166366665.027.png 166366665.028.png 166366665.029.png 166366665.030.png 166366665.031.png 166366665.032.png 166366665.033.png 166366665.034.png 166366665.035.png 166366665.036.png 166366665.037.png 166366665.038.png 166366665.039.png 166366665.040.png 166366665.041.png 166366665.042.png 166366665.043.png 166366665.044.png 166366665.045.png 166366665.046.png 166366665.047.png 166366665.048.png 166366665.049.png 166366665.050.png 166366665.052.png 166366665.053.png 166366665.054.png 166366665.055.png 166366665.056.png 166366665.057.png 166366665.058.png 166366665.059.png 166366665.060.png 166366665.061.png 166366665.063.png 166366665.064.png 166366665.065.png
CONTENTS
Momentum, volatility, and volume
statistics for futures.
Notable volatility and volume
in the options market.
Futures & Options Watch:
A look at the relationship between commercials
and large speculators in 45 U.S. futures markets.
Riding a bull put spread into the winner’s circle.
Have a question about something you’ve seen
in Futures & Options Trader?
Submit your editorial queries or comments to webmaster@futuresandoptionstrader.com .
Looking for an advertiser?
Click on the company name below for a direct link to the ad
in this month’s issue of Futures & Options Trader.
4
October 2009 • FUTURES & OPTIONS TRADER
166366665.066.png 166366665.067.png
6 Reasons Why Options
Introducing eSignal, version 10.5!
Traders Prefer eSignal
eSignal is used by tens of thousands of
traders who depend on its award-winning
data, charting and analytics.
eSignal offers reliable, real-time market data
along with tools that allow options traders to
set up emotionless, systematic trading.
With eSignal, you’ll know — not just what to
trade — but when and how to trade it. And,
when you’re ready to trade, select from a list
of top brokers that connect directly to eSignal.
Version 10.5 significantly expands the
content available in eSignal…
1
Award-winning, reliable, real-time options,
stocks, futures and Forex data , now with 50+
new data fields New with 10.5!
2
An equity options analytics tool,
OptionsPlus , for choosing, tracking and
modifying your positions for optimum profit
3 Advanced charting with EFS, a unique
4
Option Chains with a clear at-a-
glance view of your strike’s near-,
in- and out-of-the-money status
5
Intraday historical
data now expanded
New with 10.5!
6
eSignal’s Trade Integration
for executing your trades with
your choice of options broker
Now, you can get comprehensive options analytics and track global markets with access to extensive intraday and daily historical data.
“…eSignal makes it possible for me to create my own tools and enables
me to reach beyond the default-packaged software and define studies
and views…into markets that can be complicated.” — A. Montenegro
eSignal gives options traders what you need to succeed
in any market — reliable, real-time, global data, plus
options-focused features. Tens of thousands of traders just
like you use and trust eSignal. Discover the best value in
decision support tools with a risk-free, 30-day trial.
“…in terms of timeliness, reliability
and analytic capabilities, eSignal
rates with the best.” — D. Mehta
Get your risk-free, 30-day trial today! *
800.245.9431
www.eSignal.com/oer/at
Voted Best 15 Years in a Row!
Stocks & CommoditiesReaders' Choice
Best Real-Time/Delayed Data
eSignal is a division of Interactive Data Corporation (NYSE: IDC).
*All fees will be refunded to you, minus any taxes and applicable add-on service/exchange fees, if you cancel within the first 30 days of service. Call for details. x14098
formula engine for creating strategies or
modifying 100s of pre-existing free formulas
166366665.068.png 166366665.069.png 166366665.070.png 166366665.071.png 166366665.072.png 166366665.074.png 166366665.075.png 166366665.076.png 166366665.077.png 166366665.078.png 166366665.079.png 166366665.080.png 166366665.081.png

Plik z chomika:

Inne pliki z tego folderu:

Inne foldery tego chomika:

Zgłoś jeśli naruszono regulamin