95.994.54
3.212.441.892.503.022.033.173.932.953.733.692.89
2.603.073.623.403.903.022.393.254.224.335.262.32
1.581.922.131.982.321.911.502.052.382.372.931.39
7.676.976.507.168.546.337.589.718.8710.3211.256.86
4.794.354.024.475.343.954.675.985.346.096.624.27
266
TRADING OPTIONS TO WIN
CME/IMM Canadian Dollar December 1989 Through May 2002 (0.01 = $10.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131312121212121213
0.950.900.550.921.070.710.901.020.901.191.040.80
1.291.250.751.271.510.981.211.321.261.641.421.11
1.171.230.910.980.950.520.721.081.061.271.430.94
1.571.611.251.351.300.701.011.521.391.701.931.29
2.122.131.461.902.021.231.622.111.952.462.471.74
2.862.862.002.622.811.682.212.842.653.333.352.39
NYBOT Cocoa December 1989 Through June 2002 (1.00 = $10.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313121212121213
59.8578.6282.1585.0895.4689.0084.1779.1765.4265.0873.5052.38
6.408.597.277.138.207.677.767.476.226.257.114.28
89.54115.3867.08104.5461.5495.4661.8383.4263.6782.92108.6769.31
7.269.355.728.775.368.204.796.705.126.538.835.87
149.38194.00149.23189.62157.00184.46146.00162.58129.08148.00182.17121.69
13.6617.9512.9915.8913.5615.8612.5514.1711.3412.7815.9410.15
Studies of Historical Gross Movement in Selected Markets, 1990–2002
267
NYBOT Coffee “C” December 1989 Through June 2002 (0.01 = $3.75)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313121212121213
11.3314.418.949.9717.4315.0418.0514.216.515.756.959.66
10.5313.199.089.2813.7113.3015.0112.065.927.098.388.80
8.319.277.609.016.3913.437.868.5511.2315.9417.756.22
8.929.886.408.516.4311.987.298.7810.0613.2613.965.88
19.6423.6816.5318.9823.8228.4725.9122.7617.7521.7024.7015.88
19.4523.0715.4817.7920.1425.2822.2920.8315.9820.3522.3414.68
NYMEX/COMEX High-Grade Copper December 1989 Through April 2002(0.10 = $25.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131212121212121213
3.654.145.336.325.437.835.736.033.312.315.223.71
3.664.385.376.685.247.615.795.733.492.445.113.69
6.726.252.024.205.767.603.833.665.847.947.854.39
6.435.992.004.126.177.663.823.605.617.647.624.27
10.3710.397.3510.5111.1915.439.569.689.1510.2513.078.10
10.0910.377.3710.8111.4115.279.619.339.1110.0812.737.95
268
TRADING OPTIONS TO WIN
CBT Corn December 1989 Through June 2002 (1.00 = $50.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313121212121213
12.0213.4011.4018.5814.5013.1517.0013.047.5211.4613.738.17
4.725.054.506.205.114.376.785.763.174.775.723.08
8.277.837.4411.5210.7720.7921.2924.1912.5815.9017.717.40
3.413.312.804.484.227.988.138.984.845.916.683.04
20.2921.2318.8530.1025.2733.9438.2937.2320.1027.3531.4415.58
8.138.367.3110.689.3412.3514.9114.748.0010.6812.406.12
NYBOT Cotton #2 December 1989 Through June 2002 (0.01 = $5.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313121212121213
4.275.813.453.903.864.432.071.722.482.582.692.39
6.518.595.445.405.816.903.362.923.633.934.623.40
3.724.503.044.243.786.654.336.346.153.224.132.88
5.797.104.336.465.589.516.149.029.275.336.524.55
7.9910.316.498.147.6411.086.418.068.635.806.835.27
12.3015.699.7711.8711.3916.419.5011.9412.899.2611.147.94
Studies of Historical Gross Movement in Selected Markets, 1990–2002
269
NYMEX Light Sweet Crude November 1989 Through May 2002 (0.01 = $10.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131312121212121313
1.781.332.111.491.491.251.162.422.741.361.451.03
8.426.2011.337.536.825.935.9110.9511.835.306.625.26
1.681.190.991.141.181.401.020.761.182.261.732.01
7.446.194.795.225.706.934.693.964.919.138.018.55
3.462.523.102.632.662.652.183.173.923.623.183.04
15.8612.3816.1312.7512.5212.8610.6014.9116.7414.4314.6313.80
CME Feeder Cattle November 1989 Through April 2002 (0.01 = $5.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131212121212121313
2.011.941.381.931.662.984.131.542.271.631.582.19
2.662.601.762.602.314.145.652.082.982.112.042.76
1.922.162.092.282.361.971.692.131.391.682.072.63
2.432.712.833.293.072.542.172.661.732.162.593.38
3.934.103.474.204.024.965.823.673.673.313.664.82
5.095.314.595.895.386.687.834.744.704.284.636.14
270
TRADING OPTIONS TO WIN
NYMEX/COMEX Gold December 1989 Through November 2002 (0.10 = $10.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313131313131313
7.9210.585.977.5910.696.327.358.3214.427.365.755.18
2.3023.2771.7712.3683.3332.0152.0602.4884.8752.2561.6681.463
11.457.0014.067.846.159.348.2811.106.8513.837.059.37
3.2712.0424.0702.2341.8952.7022.6183.1441.9704.0232.1422.703
19.3717.5820.0315.4316.8415.6515.6419.3321.2721.1912.7914.45
5.5735.3205.8414.6025.2284.7174.6785.6326.8456.2793.8104.166
NYMEX Heating Oil #2 November 1989 Through May 2002 (0.01 = $4.20)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131312121212121313
4.633.394.783.793.222.532.828.296.623.634.724.28
7.905.889.766.825.425.745.3213.3310.274.847.437.47
5.763.512.512.393.003.032.662.013.396.214.615.35
9.356.614.664.165.585.674.533.784.938.927.497.91
10.396.907.296.176.225.565.4810.3010.019.849.339.62
17.2512.4914.4210.9811.0011.419.8417.1115.2013.7614.9215.38
Studies of Historical Gross Movement in Selected Markets, 1990–2002
271
CME/IMM Japanese Yen December 1989 Through May 2002 (0.01 = $12.50)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131312121212121213
1.532.392.403.083.432.132.262.592.553.643.471.57
1.892.882.593.243.782.432.653.103.154.814.571.88
3.873.642.642.863.082.002.413.221.842.062.822.06
4.384.073.263.543.772.352.623.271.962.183.042.38
5.406.035.045.946.514.134.675.814.395.696.293.63
6.266.955.856.787.554.785.276.365.116.997.614.26
CME Live Cattle December 1989 Through June 2002 (0.05 = $20.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131312121212121213
3.452.192.571.421.071.782.921.411.641.781.952.06
4.833.033.492.121.562.664.382.082.412.612.822.91
1.391.531.842.393.441.261.912.252.731.611.731.90
2.042.142.563.534.981.852.793.183.832.272.452.76
4.853.724.413.814.513.034.833.664.373.383.683.95
6.885.166.055.656.554.527.175.266.244.885.275.67
272
TRADING OPTIONS TO WIN
CME Live/Lean Hogs December 1989 Through June 2002 (0.05 = $20.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313121212121213
2.592.403.773.283.692.692.781.782.541.971.441.84
6.114.997.835.626.544.655.443.855.564.142.963.96
2.392.423.122.213.382.532.463.493.373.224.302.63
4.864.465.543.705.684.474.486.706.526.519.365.60
4.984.836.895.497.075.225.245.275.915.195.744.47
10.979.4513.379.3212.229.129.9310.5412.0810.6612.329.55
CME Random Length Lumber November 1989 Through May 2002 (0.01 = $11.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131312121212121313
19.7931.7220.2721.0120.1823.2816.4222.2012.8711.8323.4128.34
7.1011.806.687.736.878.145.337.594.203.967.829.61
19.0717.2516.4830.9119.4128.8824.5823.5131.9438.9411.1715.26
5.925.204.768.606.308.828.638.2410.5013.014.385.92
38.8648.9836.7551.9239.5952.1541.0045.7144.8150.7834.5843.60
13.0117.0111.4516.3213.1716.9613.9615.8314.7016.9712.2115.53
Studies of Historical Gross Movement in Selected Markets, 1990–2002
273
NYMEX Natural Gas May 1991 Through June 2002 (0.001 = $10.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
101010101111101010101010
0.3000.2380.3180.2670.2230.2110.1070.3120.3310.3080.3880.651
12.409.7914.4110.509.107.565.7312.8612.7810.7211.6318.62
0.5440.1390.0900.1230.2510.2560.2960.2480.1410.2490.3130.235
15.346.173.454.787.9910.0211.2610.096.088.2411.6110.66
0.8440.3770.4080.3900.4740.4670.4030.5600.4720.5570.7010.886
27.7415.9717.8615.2817.0917.5716.9922.9518.8618.9623.2429.28
NYBOT Frozen Concentrated Orange Juice November 1989 Through June 2002(0.05 = $7.50)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313121212121313
9.858.527.636.958.857.554.746.414.659.977.1410.12
8.857.477.727.089.188.014.506.824.629.447.3310.56
8.209.641.824.433.546.956.537.667.1710.894.258.72
7.929.391.784.483.125.656.187.166.439.513.807.79
18.0518.169.4411.3812.3814.4911.2714.0811.8220.8611.3918.83
16.7816.869.5011.5612.3113.6610.6813.9811.0518.9511.1318.35
274
TRADING OPTIONS TO WIN
CBT Oats December 1989 Through June 2002 (1.00 = $50.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313121212121213
6.969.358.1515.0412.0210.6014.779.586.9811.6013.695.88
4.546.035.999.768.287.8811.097.595.258.479.583.80
10.1011.355.2711.6312.0417.469.4813.926.255.6511.296.83
6.817.833.456.827.1711.166.749.824.183.698.074.53
17.0620.6913.4226.6724.0628.0624.2523.5013.2317.2524.9812.71
11.3513.869.4416.5815.4519.0417.8317.419.4312.1617.658.33
NYMEX/COMEX Silver December 1989 Through November 2002 (0.10 = $5.00)
JanFebMarAprMayJunJulAugSepOctNovDec
Years
AverageUp
Average %Up
AverageDown
Average %Down
AverageRange
Average %Range
131313131313131313131313
25.2033.0422.4623.4227.5119.6819.7217.8532.0210.9218.1212.68
5.3166.3804.9944.9525.6704.1634.0283.6716.9282.3813.9622.851
20.6017.2127.2324.2726.1520.8422.1431.9917.4234.0518.0417.83