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Sorry to hear about the trade gone wrong. A $2850 USD loss is a hard and expensive lesson. If it's any consolation, I bet most traders (yours truly included) have had larger single-contract losses sometime in their career, so consider it a badge of honor. Spreads can take forever to work (or...

George, I don't want this to come across as flippant, but if you're a speculator I don't know why you're concentrating on the MGEX and its grain index contracts. The MGEX has one viable contract - HRS wheat. The index contracts you referred to garnered some press attention a decade ago...

LX008 - I don't think so. I've followed these reports for a long time and I'm not aware of allegations concerning an illegal early release. More troubling to the trade currently: 1. An idea - I think it was quickly squashed - to put the USDA data into a format that was even easier to read...

George, Are you involved in the cash (physical) grain trade? I ask because although that weekly summary from US Wheat Associates is helpful in learning about the markets and getting a general understanding of port-by-port competitiveness (and to a lesser degree the arbitrage that occurs), it...

And that's probably a derivative (ha!) of a lesson mothers and grandmothers have been teaching since the beginning of time: "Don't grow up to be a person that knows the price of everything yet the value of nothing"

Edit to add the comment I'm responding to: ***There is no way you are going from 12% in an IRA to 60% in a non IRA using the same stock and strike.... unless you are changing your strategy from selling naked puts, to selling put credit spreads.*** -Put_Master PM, regarding the 60% return I...

Monthly USDA supply and demand report, currently being released at 11A CT.

Re the 12% ROI on cash secured puts: I am going to re-think my activity in the tax-deferred accounts. I was looking through my trade database and for a trade to fit the parameters I'm looking for -- % OTM, Delta, ROI, etc -- I'm selling distant dates, very high IV or using lower-priced...

I don't know if the terminology is the same with options on equity index futures, but in the physical commodity futures world, April would be called a serial month and its underlying would be the June futures contract.

I did a double-take when I read your post. After glancing at a couple of chemical and fertilizer companies this a.m., I just signed into ET and learned that we sold the exact same option in Intrepid Potash (IPI). I was already short some in a taxable account and threw a massive 5-lot trade...

Assuming he followed all licensing and disclosure requirements, there might not be grounds to investigate. There are far worse characters out there - Corzine, the Vampire Squid, et al - who made stupendously bad and costly decisions and/or facilitated them, and the most they've had to pay is...

I think 2.75 hours of the cut is a very good idea. A 2P CT close and a 5P open never made much sense because the former is too late for Europe and the latter is too early for Asia. Also, as a position trader, when I'M ON A BOAT! on a sunny Sunday afternoon, I don't want to have to start checking...

Beginning April 8, electronic and floor trading hours for CBOT Corn, Soybeans, Wheat, Soybean Meal, Soybean Oil, Rough Rice, Oats, and KCBT Wheat futures and options, plus all related CBOT and KCBT calendar spread options and inter-commodity spread options, will be amended as follows: *Sunday...

He's definitely full of himself. At www.fooledbyrandomness.com this gem is at the bottom of the home page: "Lectures and lecture requests (Please refrain from offering honorary degrees, awards, listings in "100 most...",& similar debasements of knowledge that turn it into spectator sport)."...

I don't know how long this site has been around - at the top it says "beta" - but it looks like a trade selection service for people new to options. $350/year and it has the blessing of the CBOE/OIC/OCC; that, or they don't know he's using their logos. Kind of a corny name, but who knows...

Comintel - I've attached a simple chart that shows the daily IV (settlement only) for three corn and wheat options during the height of the 2012 growing season. I sometimes want to isolate IV intra- and inter-commodity and not get distracted by all the other things that can clutter a chart...

Comintel, I agree that an option trader had a large window in which to buy call options in both 1988 and 2012 (see charts in the above posts), but 2012 turned out to be far easier money if he got in at the right time, and he could sleep a lot better, too. I'm not sure, though, about the...

The attached file contains the daily corn IV, as measured by the CBOT/CBOE corn VIX for 2012 (it's front month weighted).

The attached file contains the daily IV from 1988.

I have two record sets at hand, with a gap between 2001 and 2004, but they're both large and should give a fair approx of "old" and "new" values. FWIW, like the underlying grain prices, we are now at a higher plateau with IV, but the Std Dev is remarkably stable. That's the raw cut, maybe it...