The September Euro appears to have run out of gas with the unwinding of the Euro/Gold spread and could return to its lows if not lower over the next few weeks.  Buy the September 125/122 bear put spread as well as sell the 129 call to collect enough premium to make this a credit spread, we are collecting $75, above the 129 level we have unlimited risk.  Our profit potential is limited to $3,750 however we would take half of that if it happens quickly.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

  There is a substantial risk of loss in trading futures and options.

PLACING CONTINGENT ORDERS SUCH AS "STOP LOSS" OR "STOP LIMIT" ORDERS WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS. SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

Past performance is not indicative of future results.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities.. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE

PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE

INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON

THE UNDERLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT

AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY,

OR OUT-OF-THE-MONEY OPTION. FURTHERMORE, THE PURCHASER

WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS

RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION'S STRIKE

PRICE COMPARES TO THE UNDERLYING FUTURE'S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES

MOVE IN TANDEM WITH FUTURES PRICES. IN FACT, OPTION PRICES MAY ONLY MOVE A FRACTION OF THE PRICE MOVE IN THE UNDERLYING

FUTURES. IN SOME CASES, THE OPTION MAY NOT MOVE AT ALL OR

EVEN MOVE IN THE OPPOSITE DIRECTION OF THE UNDERLYING FUTURES CONTRACT.

Paul Brittain

Whitehall Investment Management

Commodity Trading School

877-270-8403