Good trade so far ...
Do you hold these trades for a certain length of time ... Or until you get to some objective pattern / price?
Ag trade ideas
- Thread starter TraDaToR
- Start date
Good trade so far ...
Do you hold these trades for a certain length of time ... Or until you get to some objective pattern / price?
I don't know about the Russian situation as it applies to wheat so much. I do think the Russia situation and wheat bullishness bled over to the other grains last week. Option expiration is Friday, and I think funds are still long soybeans. There are a ton of soybean sold puts out there. The higher the soybean price goes, the more of those puts expire worthless.
I have an objective and a stop, but when the trade is going nowhere after a certain amount of time I will try to liquidate at my entry point or wherever it is at the time ...
Looks interesting, I'll keep an eye on it...
MRCI is suggesting H/U which has a similar pattern on the chart, but U has tiny open interest right now.
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Out @ 2635 ratio
. The leg weights ( 1 for 1 )weren't perfect though and the profit is small.Nice trade.
Today I also took some profits on 1/2 my position on LHM/G @ 12.0. It still looks strong from here, but you never know...Out @10
It's been kinda slow in the ag space for me the last month or so. I'm in SMH/BOH but it's been chopping around my entry. I'm also still hanging on to 1/2 position of LCM/G but it's running out of time.