September 19, 2016
Pretty much just the numbers and the Dollars here…
BUY JUNE 2017 EURODOLLAR PUTS
DO YOU HEAR A SINGLE NITWIT TALKING HEAD ANYWHERE SUGGESTING THIS TRADE? AGAIN, DO YOU HEAR ANYBODY SAYING WHAT I AM SAYING?
If you want to say, “Bill Rhyne is an idiot.”, go right ahead…I always make it a point to be quite clear that I might be dead wrong, which could mean losing every dime you have on the table, but I think there is a small fortune to be made here and am personally positioning with that in mind.
I urge you to NOT sit there and wonder, right along with all those CNBC and Wall Street geniuses, about what the Fed will or won’t do…and when…and by how much…and whatever other nonsense those guys want to yak about…Interest Rates have ALREADY started moving higher and as I keep reminding you, “The markets move…and THEN the Fed follows”. It’s generally been that way for as long as I’ve been in this business and I don’t think it’s changing now.
In Janet Yellen’s own words several weeks ago, she stated that the economy “rarely evolves as predicted” and when “the economic outlook changes, monetary policy needs to adjust.” , which, when you get down to it, somewhat confirms exactly what I was just saying: The Markets and the Economy Move. The Fed Then Follows.
What this costs and what it can do…
Just because this market has been “quiet” up here around the 99.00 area does NOT mean it will continue to be. As I have noted below, fairly direct 150-200 point moves are not uncommon in Eurodollars.
And here is a put option, that has a TON of time…
Don’t mess around. Pick up the phone. Do what NOBODY else is doing. I mean NOBODY…and after 36 years in this business..I think I KNOW what that means.
Can’t be any stronger than this…
All option prices in this newsletter include all fees and commissions.
The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Eurodollars