Market Overview

Greg Calderone's S&P 500 E-Mini Trade

Share:

Greg Calderone suggested on Bloomberg Markets that investors should consider a bullish options strategy in the E-Mini S&P 500 futures. He noticed the S&P 500 has bounced off its 200-day moving average three times just throughout August so he wants to use the indicator to figure out the support level.

To make a bullish bet, Calderone wants to sell the December $2,850 put for $44 and buy the December $3,025 call for $51. The trade would cost him $7 and it breaks even at 3,032. Calderone thinks that the 2,850 level in the S&P 500 is strong support and he said that JPMorgan analysts revealed that a break above 3,025 would lead the S&P to 3,050 or 3,070.

Posted-In: Bloomberg Markets Greg CalderoneLong Ideas Futures Options Markets Media Trading Ideas

 

Related Articles

View Comments and Join the Discussion!

Carter Worth And Mike Khouw's XLP Trade

Dan Nathan's JPMorgan Options Trade