• 15 hours Russian Prestige And American Politics: The COVID Vaccine Race
  • 17 hours Is The Silver Rally Over Or Just Getting Started?
  • 2 days Alibaba-Backed Tesla Competitor Set To IPO In The U.S.
  • 2 days Emerging Economies Could Get Left Behind In Race For COVID Vaccine
  • 2 days Dead Malls Could Be Amazon’s Next Target
  • 3 days Unpacking Biden's Energy Plan
  • 3 days Russia Aims To Become World's Top Gold Producer
  • 3 days Global Tech Stocks On Edge Over Trump TikTok Ban
  • 4 days Cobalt Squeeze Threatens The Electric Vehicle Boom
  • 4 days COVID Has Sparked A Surge In Cybercrime
  • 5 days Precious Metals Bulls Still Have Plenty Of Room To Run
  • 5 days The U.S. Has The Tech To Go Green, But Will It Use It?
  • 6 days Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 6 days Markets Up On Stimulus Hope
  • 7 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 7 days TikTok Takes Center Stage In US-China Tech War
  • 8 days Are Semiconductor Stocks Overvalued?
  • 8 days Jobs Report Doesn’t Say Much Amid COVID Uncertainty
  • 9 days Crypto FOMO Heats Up As Bitcoin Climbs Above $11,000
  • 10 days Aluminum Is Bouncing Back In China
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Entry Alert - DIA and Mini-sized DOW

10/12/2008 12:11:27 PM

Greetings, J.E.D.I.

Welcome to The J.E.D.I. Way.

If you are receiving these alerts on a free trial, you have access to all of our previous articles and recommendations by clicking here: http://www.stockbarometer.com/articles.aspx?subscriptionid=20

If you do not recall your username and/or password, please email us at customersupport@stockbarometer.com.

If you are interested in continuing to receive our advice following your free trial, please click the following link to subscribe. http://www.stockbarometer.com/pagesJEDI/learnmore.aspx

LONG TERM TREND SIGNAL: DOWN

INTERMEDIATE TERM TREND SIGNAL: DOWN

For Monday, October 13, 2008, The J.E.D.I. Way will re-attempt the following transactions:

(1) Buy to open one (1) December 2008 Mini-Sized Dow 13000 Call Option (Ticker Symbol: YMZ81300c) at a limit price of $2.00, Good For The Day.

(2) Buy to open 10 shares of DIA (Dow Diamonds ETF) at a limit price of $80.00, Good for the Day.

Last Price for the Mini-Sized Dow December 2008 Futures: $8370.00
Last Price of the December 2008 MiniSized Dow 13,000 Call Option: $1.00
Last Price for ticker symbol "DIA": $83.75

Total Cost

$810.00

Initial Requirement

$0

Maintenance Requirement

$0

Total Requirements

$0

Estimated Commission

$49.32

Expiration Date of Mini-Sized Dow Options Contract: December 19, 2008

Contract Specifications:YM,CBOT

Trading Unit:   ($5.00) times the Dow Jones Industrial AverageSM Index.
Tick Size:   One point ($5.00 per contract)
Quoted Units:   DJIA index points
Initial Margin for Futures:   $3,503 Maint Margin for Futures: $2,802
Contract Months:   Mar, Jun, Sep, Dec
First Notice Day:   Not applicable (cash settled contract)
Last Trading Day:   The trading day preceding the third Friday of the contract month.
Trading Hours:   5:00 p.m. to 4:30 p.m. Central Time, Sunday - Friday.
Trading in expiring contracts ceases at 3:15 p.m.
Central Time on the last trading day
Daily Limit:   Successive 10%, 20%, and 30% limits.

Breakeven Point:

The breakeven point for buying one December 2008 Mini-Sized Dow Call ption (Ticker Symbol: YMZ813000c) at $2.00 (with commissions of $29.32) and buying 10 shares of DIA at $80.00 (with commissions of $20.02) is $8.00 and $82.00 respectively.

My fellow J.E.D.I.,

Please see weekly chart for the December 2008 Mini-Sized Dow and DIA dated 10/10/2008 below.

WEEKLY CHART (DECEMBER 2008 MINI-SIZED DOW)

WEEKLY CHART (Ticker Symbol: DIA)

Thus For Monday, October 13, 2008, The J.E.D.I. Way will re-attempt the following transactions:

(1) Buy to open one (1) December 2008 Mini-Sized Dow 13000 Call Option (Ticker Symbol: YMZ81300c) at a limit price of $2.00, Good For The Day.

(2) Buy to open 10 shares of DIA (Dow Diamonds ETF) at a limit price of $80.00, Good for the Day.

Good Luck!

And may the force of volatility will be with you.

Best Regards,

 

Back to homepage

Leave a comment

Leave a comment