(From January 14, 2010, The McKinney Trading Channel, http://mckinneytrading.blogspot.com)

OPTIONS PLAY: E-MINI S&P Looking Good Ahead Of Intel Earning

This article focuses on buying March E-MINI S&P calls

MY ANALYSIS

Fundamentally, I look to Intel on Thursday and I am still extermely Bullish on the E-MINI S&P overall as we begin our journey into earnings season.

Technically, we see the E-MINI S&P in an UPWARD TREND indicated by 3 critical MA'S. See weekly chart below.

BUYING OPTIONS=STAYING POWER

OPTIONS PLAY

MARCH E-MINI S&P-1141.50

MARCH OPTION EXPIRY-MARCH 19TH

BUY MARCH E-MINI S&P CALLS

We also buy in a 3 to 1 ratio an outright PUT in case the market makes a MAJOR move against us.

WE ARE ALSO BUYING OPTIONS IN U.S. 30 YEAR TREASURY BONDS, GOLD, GRAINS, SOFTS, and OIL.

By Matt McKinney
The McKinney Trading Channel
http://mckinneytrading.blogspot.com

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions and fees.