• Simplicity
  
  
• Profitability
  
  
• Defined risk
  
  
• Low minimums 25K to 250K
  
  
• Daily liquidity in portion or all
  
  
• Control of markets and number of contracts traded
  
  
• Time efficiency, orders can be placed and monitored automatically by my team in the markets, trading the number of contracts of your choice
  
  
• Low fees (all accounts are on the same fee structure as mine) zero front load, management and incentive fees, the only fees charged are clearing, exchange and N.F.A
  
  
• U.S. Retirement account approved

 

The opinion shows buy, a Long position should be established.

Defining maximum trade exposure

To control maximum risk per trade this program writes out of the money options against the position to collect premium and uses the collected premium to pay for options purchased to hedge (limit risk). Although this limits profit potential it allows you to offset the cost of the hedge and maintain the position with defined risk regardless of market volatility.

In the example long we’re writing an out of the money call against the long futures position and buying an out of the money put to hedge risk. To price out the option writes and purchases click on the Options link below.

Contract	Month	Open	HIgh	Low	Last	Change	Time	Links
Gold (GCJO)	Apr 10	1108.0	1118.7	1104.6	1109.7	+0.0		Options

The market is trading at 1109.70 expiration 3/25/2010 days to expiration 28

Apr-10	Open	High	Low	Last			Value
Exp: 03/25/10 Days to Exp: 28 Futures: GCJ10 1109.7
1070.0C		47.4	47.4	47.40s			4740
1070.0P	13.2	14.3	8.7	8.90s			890
1075.0C	33	43.6	29.5	43.60s			4360
1075.0P	15.2	15.2	10.1	10.10s			1010
1080.0C	40	40	30	40.00s			4000
1080.0P	17	18.2	11	11.50s			1150
1085.0C	28.7	36.6	28.7	36.60s			3660
1085.0P		13.1	13.1	13.10s			1310
1090.0C	23.5	33.3	22.2	33.30s			3330
1090.0P	22	23	14.4	14.80s			1480
1095.0C	23	30.1	20.5	30.10s			3010
1095.0P	25.6	25.6	16.6	16.60s			1660
1100.0C	18.3	27.3	17.7	27.10s			2710
1100.0P	25.5	28.4	18.3	18.60s			1860
1105.0C	18.1	24.3	18.1	24.30s			2430
1105.0P	28	28	20.7	20.80s			2080
1110.0C	15.3	22	14	21.70s			2170
1110.0P	32.6	32.6	23.2	23.20s			2320
1115.0C	13.6	19.4	13.6	19.40s			1940
1115.0P	35	36.7	25.9	25.90s			2590
1120.0C	9.3	17.4	9.3	17.30s			1730
1120.0P	40	40	28.8	28.80s			2880
1125.0C	10.3	16	9.5	15.40s			1540
1125.0P	34	42.1	31.9	31.90s			3190
1130.0C	9.2	14	9	13.60s			1360
1130.0P		35.1	35.1	35.10s			3510
1135.0C	9	12	8.7	12.00s			1200
1135.0P		38.5	38.5	38.50s			3850
1140.0C	7	10.7	6.3	10.70s			1070
1140.0P	50	56	42.2	42.20s			4220
1145.0C	6.2	9.5	6.2	9.50s			950
1145.0P		46	46	46.00s			4600
1150.0C	5.5	8.8	5.1	8.20s			820
1150.0P		49.9	49.7	49.70s			4970
1155.0C	6.2	7.4	6.2	7.40s			740
1155.0P		53.9	53.9	53.90s			5390
1160.0C	5.2	6.6	4	6.60s			660
1160.0P		58.1	58.1	58.10s			5810
1165.0C	4.1	5.8	4.1	5.80s			580
1165.0P		62.3	62.3	62.30s			6230
1170.0C	3	5.1	3	5.10s			510
1170.0P		66.6	66.6	66.60s			6660
1175.0C	2.6	4.5	2.6	4.50s			450
1175.0P		71	71	71.00s			7100
1180.0C	2.4	4	2.4	4.00s			400
1180.0P		75.5	75.5	75.50s			7550
Write
1160.0C	5.2	6.6	4	6.60s			660
Purchase
1100.0P	25.5	28.4	18.3	18.60s			1860

Example

Write the call                   1,160 +$660

Long                                  1,109.70

Purchased the put          1,100 -$1,860

 

Summary

Premium collected +$660 for the call written against the long position

Premium paid -$1,860 to purchase the put option to hedge the long position

Net cost of the hedge -$1,200 expiration 3/25/2010 28 days

Maximum loss             -$2,120

Maximum profit            +$3,830

+ or - exchange bid/ask, clearing and exchange fees

The only way the long futures position can be called away is at a profit (1160.00 call). If the market moves lower (against the long position) you can deliver the losing long at the strike price of the purchased put option (1100.00 put).

Maximum loss for the trade duration - if the market moves against the trend to 1,100 or lower -$2,120 

Long at 1,109.70 purchased put option engages at 1,100.00 for a loss of $9.70 or -$970.00 + the net cost of the hedge -$1,200 = -$2,120 + exchange bid/ask, clearing and exchange fees

Maximum profit for the trade duration - if the market moves with the trend to $1,160 or higher

Long at 1,109.70 call option sold engages at 1,160 for a profit of +$5,030 on the position – the net cost of the hedge -$1,200 = +3,830 - exchange bid/ask, clearing and exchange fees

 

Having monitored advisors and programs for over 20 years I can fully appreciate how difficult it can be to find a program or strategy that can offer

Profitability
Defined risk
Minimal time expended ( orders can be placed automatically)
Low minimum investment levels (25K to 250K).
Customer control of markets and number of contracts traded
Low fees
Daily liquidity
US Retirement account approved

To track the real-time performance we ask all potential customers to complete the necessary applications to open an account then fax or send scanned copies in. This process allows us the control who is monitoring trades and pre-approve the account should you decide to open.

If you have additional questions please call me on US+949-376-8020 with this page up http://keypage.net/ and I’ll answer them and provide immediate links for verification.

 

Additional services we provide

Managed Accounts

Advisor Rankings and Profiles use cta and 001 for access

Multi Manager Portfolio Allocations

Select long term trading opportunities

Quotes, research on all Futures and Forex markets

4.7 Q.E.P. Managed Forex accounts

 

If you’d like additional investment recommendations in the sectors of your choice either managed or self directed please define your objectives, amount you’d like to invest and maximum risk then call me directly on US+ 949-376-8020 or email peterc@catranis.com

To open any type of account please call or email and my staff will follow up with the correct account forms, disclosures and opening instructions.

Click here for our office location (Located in the Wells Fargo Bank building 13th floor, 2030 Main Street Irvine CA 92614 (walking distance from John Wayne Airport)

If you ever visit us in Southern California below are a few links to my favorite places to stay close to the office.

Montage my favorite, romantic, great spa a should be a big hit with the significant other.
St. Regis very nice but not on the beach, great for golfers year round, home of the $400,000 post bailout AIG party.
Ritz Carlton nice facility, on the beach, great for golfers.
Pelican Hill extremely nice, I live next to this resort, beautiful facility across from the beach, great for golfers.

Airport John Wayne Orange County California
Hanger Private hanger and/or charter Citation, Beechjet, Lear, Hawker, Falcon, Challenger or Gulfstream
Limo Ground transportation, Back Bay Limousine.

Looking forward to your comments and/or questions.

Regards,
Peter Catranis
USA +949-376-8020
US Toll-Free 800-994-5757
Mobile US+949-376-8020
Fax US+ 949-643-7111
Email peterc@catranis.com

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The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. The disclosure document of a commodity trading advisor ("CTA") contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.

The risk of loss in trading foreign exchange can be substantial. You should therefore carefully consider whether such trading is suitable in light of your financial condition. You may sustain a total loss of funds and any additional funds that you deposit with your broker to maintain a position in the foreign exchange market. Actual past performance is no guarantee of future results. Simulated performance results also have certain limitations unlike actual performance records, simulated results do not represent composite trading. Also, since trades have not actually been executed for this composite, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity, simulated trading results, in general are also subject to the fact they are designed with the benefit of hindsight. No representation can or is being made that any trading system will, or is likely, to achieve profits or losses similar to those shown in this simulated performance record.

The performance records have been calculated in a manner we believe to be reasonable and are based on the respective leverage factors intended to be used. Prospective investors must recognize that any simulation of a hypothetical record, even when based on actual trading systems, with qualified trade execution, has inherent limitations. We believe that the records as presented should be of interest to investors in determining whether to participate, such rates of return should by no means be taken as an indication of how the system will perform or would have performed, even given the same trades. Any performance record compiled from individual performance records of any trading methodologies has certain hypothetical and artificial characteristics and must be evaluated accordingly.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Although adding Managed Futures investments to a portfolio may provide diversification, Managed Futures investments are not a hedging mechanism; there is no guarantee that Managed Futures investments will appreciate during periods of inflation or stock and bond market declines.