Vincy Options Offers Crude Oil, Gold and Unleaded Gas Options Trading Contracts
Vincy Options is pleased to offer to its clients new trading opportunity- Crude oil, Gold and Unleaded Gas options trading contracts.
Geneva, Switzerland, September 29, 2010 --(PR.com)-- Vincy Options (http://vincyoptions.com), the largest commodity trader in Switzerland, who operates in 12 countries on more than 70 exchanges, will introduce trading in the fourth quarter in oil, gas and gold futures and options contracts.
Gold, gas and oil options on futures open the door to a host of versatile, economical trading strategies; by using options alone, or in combination with futures contracts, strategies can be found to cover virtually any risk profile, time horizon, or cost consideration. “Options are inexpensive on a relative basis,” said Mark Allenbach, Chief Strategist of Vincy Options. “A recent tick up in physical gold held in the SPDR Gold Trust may foretell renewed interest in the commodity after its being range-bound since late November 2009. Beside this, everybody just feels that it's going to take off and shoot straight up to above $1,200,” he added.
Gasoline is the largest single volume refined product sold in the United States and accounts for almost half of national oil consumption. It is a highly diverse market, with hundreds of wholesale distributors and thousands of retail outlets, often making it subject to intense competition and price volatility. “This contracts based on volatility indexes will give global market participants tradable tools to express their opinions on the direction of the volatility of the markets,” said Christophe Blaser, Vincy Options’s chief operating officer, in a statement.
“Crude oil is now at its highest level since September 2008. We can certainly expect higher prices in the garages again”, said President of Vincy Options, Albert Vincy. Options contracts that allow holders to sell 1,000 barrels of oil for $50 each by December traded for $500 on the Nymex on today, up from $10 on Oct. 3. Oil rose a second day today, gaining 2.4 percent to $73.60 a barrel at 10:53 a.m. in London.
About Vincy Options
Vincy Options helps a wide range of clients which includes financial institutions, corporations, hedge funds and other asset managers as well as professional traders and individuals. We define and execute trading and hedging strategies and capitalize on market opportunities.
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Gold, gas and oil options on futures open the door to a host of versatile, economical trading strategies; by using options alone, or in combination with futures contracts, strategies can be found to cover virtually any risk profile, time horizon, or cost consideration. “Options are inexpensive on a relative basis,” said Mark Allenbach, Chief Strategist of Vincy Options. “A recent tick up in physical gold held in the SPDR Gold Trust may foretell renewed interest in the commodity after its being range-bound since late November 2009. Beside this, everybody just feels that it's going to take off and shoot straight up to above $1,200,” he added.
Gasoline is the largest single volume refined product sold in the United States and accounts for almost half of national oil consumption. It is a highly diverse market, with hundreds of wholesale distributors and thousands of retail outlets, often making it subject to intense competition and price volatility. “This contracts based on volatility indexes will give global market participants tradable tools to express their opinions on the direction of the volatility of the markets,” said Christophe Blaser, Vincy Options’s chief operating officer, in a statement.
“Crude oil is now at its highest level since September 2008. We can certainly expect higher prices in the garages again”, said President of Vincy Options, Albert Vincy. Options contracts that allow holders to sell 1,000 barrels of oil for $50 each by December traded for $500 on the Nymex on today, up from $10 on Oct. 3. Oil rose a second day today, gaining 2.4 percent to $73.60 a barrel at 10:53 a.m. in London.
About Vincy Options
Vincy Options helps a wide range of clients which includes financial institutions, corporations, hedge funds and other asset managers as well as professional traders and individuals. We define and execute trading and hedging strategies and capitalize on market opportunities.
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Contact
Vincy Options S.A.
Joelle Reller
+41 22 545 7513
vincyoptions.com
Joelle Reller
+41 22 545 7513
vincyoptions.com
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