• 2 hours How America Could Go Green Right Now
  • 1 day Russian Prestige And American Politics: The COVID Vaccine Race
  • 1 day 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
  • 3 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
  • 4 days Global Tech Stocks On Edge Over Trump TikTok Ban
  • 4 days Cobalt Squeeze Threatens The Electric Vehicle Boom
  • 5 days COVID Has Sparked A Surge In Cybercrime
  • 5 days Precious Metals Bulls Still Have Plenty Of Room To Run
  • 6 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
  • 7 days Markets Up On Stimulus Hope
  • 7 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 8 days TikTok Takes Center Stage In US-China Tech War
  • 8 days Are Semiconductor Stocks Overvalued?
  • 9 days Jobs Report Doesn’t Say Much Amid COVID Uncertainty
  • 9 days Crypto FOMO Heats Up As Bitcoin Climbs Above $11,000
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Entry Alert Update: EuroDollar

4/24/2009 8:57:36 PM

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

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 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,

 

Back to homepage

Leave a comment

Leave a comment