Commodity options trading – Wilfred May, in the Commercial and Financial Chronicle of March 31, 1960, took fund managers to task for having sold Ford Motors heavily in the second quarter of 1958 when its market price ranged between 38 and 43.

Ford apparently became a buying favorite in the first three quarters of 1959, when its range was 57-93. In the Long review of portfolio changes between June 30 and September 30,1960, a period in which the Dow-Jones industrial average fell from 641 to 580, it was noted that “caution remained the watchword.” Greatest activity was noted in the electrical utility group. Eight funds were buyers, whereas three funds apparently took profits. Large commitments were made in Central Hudson Gas and Electric and in Ohio Edison. Houston Lighting and Power, Consumers Power, and Public Service Electric and Gas were acquired by four managements.

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Commodity options trading

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