Anyone trade FCOJ?

TraDaToR said:
If you are looking for fundamental news play in the commodity space, here is an other one. I just shorted Cotton Dec17/Mar18 @ 1.85 based on yesterday crop conditions. It seems the rally was a late response to Harvey crop damage whereas the good/excellent condition has actually improved 1 point since last week...
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Cotton, since late 2014 going long many stabs, hoping March 2016 lows hold, maybe this one finally pays off for very long term trading.
 
Overnight said:
What justifies that smugness? Seriously... Is OJ now just going to go down over the next week?
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No smugness.... came off wrong.
To answer the question ... its not going up too much farther. Based on the (100%) knowledge that people who make their living trading this stuff were on top of it long before we were.
 
It's awfully thin and the bid/ask is gappy...it'll swell up to five ticks or more. It tightens up but still makes trading a bit sloppy. Even with the price jump from Irma FCOJ prices have been much higher.

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Hmm... Better hope for >= 50 m/ph winds.... How powerful are the winds of Irma?
PS I am eyeing this thread today....
 
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Closed also the short front month cotton spread@ 1.7. Bad R/R. It was a good trade at inception but couldn't predict Irma would be that strong...Still profitable though
 
rollexus said:
Hmm... Better hope for >= 50 m/ph winds.... How powerful are the winds of Irma?
PS I am eyeing this thread today....
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Check out St Maarten and Barbuda after Irma. It should be mellower in Florida but still...
 
TraDaToR said:
Just went long at the open @ 151.8. Small position.
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Just exited at the open @ 154.7. Irma seems mellower than I thought and the front spread went straight down at the open. You can laugh at me if it goes to 160 + today...LOL
 
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