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crivera The trade you are proposing is an iron butterfly right? I have looked into that kind of spread before but haven't been able to find out what the advantages/disadvantages are of using an iron fly compared to a regular fly. However I do agree that placing a 4 trade spread like...

Another thing you guys might want to check out is putting on an oct 10.00/11.00/12.00 sugar butterfly. Looking pretty good right about now.

Wow super huge vol in oj market!!! I want to be short vol but am not really sure where oj is headed in the short term.......for the options expert how can I short this vol while having very minimal directional risk?

Thanks everyone for the help so far. cdowis I like the idea of the calender spreads but have always thought they were to complex for a simple guy like me. Tell me though when you sell the front month option and buy the far out are you holding till expiration? How often when a market moves...

Just curious as to how most options traders on et trade. What products do you trade (stocks/futures)? How far out do you trade (front month options,further out options, etc)? Most common stratagies you use (arb,straddles,flies,verticals,etc)? Do you usually trade directionally or just trade...

Spreads man.......learn the fundamentals and seasonal patterns of any physical commodity out there and just trade the spreads. Also more forgiving than outright positions.

Yeah sugar is deffinantly interesting. Im short some july 10.50 straddles and it is barely touching my downside profit range. Sugar is acting extremely weak but we seem to be holding these support levels around 950. We need a pop tomorrow for me to be extremely compfortable with my straddle...

No I think while you would be offsetting the loss above 16 and below 14 you would still be paying the premium to buy that 16 call and 14 put so it would still cost something......but im far from an options expert.

Ok everybody 2 corn straddles at 132, 2 auggie/nov bean spreads at 14 cents, 1 sep kc/chi wheat spread at 37, 1 short july sugar 10.50 straddle at .72 are the positions I have on and I feel good about every last one of em lol! What I am looking at for monday are the following. Selling 145...

You think coffee is going to break below 130 within the next week of trading? It could happen but probably not imo. I guess thats why there is a market right lol! Yeah my breakevens on the corn is like 750-480 which given the fundamentals and technical picture it seems like a pretty damn...

As long as we are talking about various commodity markets specifically the softs markets. I am short july 10.50 sugar straddles at .72 These have really been a roller coaster lately with experation so close but my profit range is around 11.20-9.70 so I feel good about that trade. Also...

yep you capture the total amount of premium which in this case is about 7 grand!!!

Rtrader2525 Yeah when I looked at that spread I thought those had to be good....im only long 1 at 37 though.....probably should buy a few more. As far as that corn straddle goes man. You sell a call and sell a put at the same strike price. So you capture the premium on both the call and...

I too am a fan of the long wheat trade. However Im not sure I would just flat out by the stuff. Im long a sep kc/chi wheat spread around 37 and look to add more on breaks. Looks like a good trade here. Also hearing there is a big commercial stopper in wheat that is adjusting the carry...

To be honest I couldn't exactly tell you.......I started this journal with roughly 10k and now its over 65k (last time I checked). However while most of that has been made off of the trades from this journal some has been made off of intra day trading, at the same time though I have taken some...

Yeah man we have been getting pounded hard!!! It has rained probably 3 days so far this week!!! Heard secretary of USDA came out and said that he is extremely worried about corn production for this year (didn't say much about beans though). You get that kind of news and the crop looks just...

Out of all my coffee at 135.30 for a $4200 profit. Still holding corn straddles Bought 1 more auggie/nov bean spread which puts my average at 14 cents now for 2 spreads. Still got the sep kc/chi wheat spread at 37 I also sold a july 10.50 straddle for .72 this trade is my biggest...

limau2 Thanks for the compliments and good trading to you.

Ok everybody just got back from work about an hour ago and man did it suck!!! Putting in 12 hours a day stacking boxes on crates isn't that fun if you are curious lol! Like previously said I did dump my 2 july/auggie hog spreads at -1.00......$560 profit there. Looking back they are...

Sorry guys its been just a really hectic day and so much was happening that I had very little time to post.......got to hurry to work right now but I will tell you Out of my hog spread I got long auggie/nov beans long sep kc/chi wheat didn't get my short natty gas spread want to...