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Sugar ratio spread working really well.......seems as if sugar has found a comfort range for now at least. Tried to sell some coffee calls but couldn't get anything done.

Im sure its a dumb question but I have been searching around for a while now trying to find every single option spread out there that people trade and I have come to the conclusion that in reality there is only just a handful of actual option strategies and a million different variations of...

Ok everybody im sitting in a hotel in South Dakota trying to get all my positions straitened up before I head back out to the lake tomorrow. Those coffee calls I have are basically worthless right now.......so that will be a few bucks coming in on Friday (I sold them by the way). As far as...

civera Got any ideas on my oct 12/14 ratio spread? I put that spread on when those 12 calls had a vol of 34% and the 14 had a vol of 36% (not exactly sure but I think those are the right vols). Now after checking out today's settlement prices It looks like the 12 call has a vol of 23% and...

Whats everybody think about selling aug 102 straddles in cattle? Around 20 days till exp and based on today's closing prices all the market needs to do is stay between 106 and 98 and we can make money........ Thoughts? I called the floor on that oct hog butterfly and they were quoting my...

LOL yeah I heard about that smart guy.......you gotta watch him lol! loving those hogs!!!

Hey man Yeah I realize that sugar is getting a lot of its steam from oil but I still think 14 is around the top......or we at least chop from here. Its one of those deals you just have a feeling about you know? I had a great 4th man.....really partied it up! How bout you?

So far I am short 5 july 175 coffee calls at an average premium of .80 they expire this week so no worries there. Coffee has been popping lately and I know its due to the crude rally but imo if you want to piggyback off of crude you can find better markes to do it on than coffee. Plus big...

First off a little bit about me for you readers that never followed my first journal. I am 18 years old and will be a senior in high school this year. I will also be graduating 1 semester early to come down to Chicago (I live on a farm in Iowa) and work in the pits (more than likely clerking...

Hi everyone Its been a while since I posted on my other journal (Youngtrader's Commodity Journal) but with my summer job working nights and barely catching enough sleep to keep me functioning during the day to trade I just don't have the time to keep it up to date. However I will be...

civera When I mentioned the backspread I was actually talking about dec cotton options........do you know how I would calculate a 72/64p backspread? Its done for a credit of roughly .90 I believe. Thats my biggest problem how does doing a spread for a credit change my breakeven and pnl...

dmo very nice post please check your pm

civera By the way how would I calculate a backspread if it is being done for a credit? Does it change my breakevens at all? Could you provide an example? Thanks YT

cutten You are absolutely right about lumber........my dad is a fairly big trader in that market but I think the locals know his orders when they come into the pit so they don't totally screw him.......he as well as myself are big believers that you have to play the markets that are lesser...

civera Tell me what you think about doing an oct 64/70/76p butterfly in hogs? Based on settlement prices that spread is only going to cost around 1.5........although I know settlements can be very different than how they will quote it monday at least its a place to start from...........let...

civera I understand how you would rather quantify your risk right off the bat rather than selling premium. However a backspread (which is what you are refering to by selling an ITM or ATM and buying an ATM or OTM) is a spread that also plays higher vol........do you think vol will continue...

Tried to buy some auggie 72 hog calls last minute but didn't know the merc closed early.......guess Ill have to try again monday. Have a good weekend guys

those 175 auggie coffee calls I sold are damn near worthless now! Time to move on to the sep options and sell some 175 and 180 calls for around 3-4 bucks. Still got my oct 12/14c 1x2 sugar spread I bought for .22

LOL what a journal!!! Best of luck to you man, its a tough journey but you sound like you know your shit. Kind of wish I would of kept up on my journal but it is extremely time consuming. YT

I realize that eventually the floor will shut down but I don't think its going to happen overnight.......it will take a decade or two to fully shut down the whole floor opporations. I talked with a women at liffe one time and she told me that in her opinion liffe really stunted its growth by...