because the situation isn't that dire for the carry or the spread would represent it. What a guy could do is buy july sell dec 08 and since the trade is at full carry you pretty much have zero risk. Check out the dec 08 corn straddle riv it looks good to me, Youngtrader said they were bidding 1.85 for it the other day. All pay attention to in the grains are the carry spreads, because beleive me the commercials are the smart money.
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OJ/ Coffee Random Musings
- Thread starter criveratrading
- Start date
I mean the dec 08 8.00 corn straddle
I reread your post asking about the cattle spread I see that you weren't asking about an option spread my apologies. Yes I beleive that OCT cattle are severely overpriced in relation to the Aug. But that spread has been making new highs every year. I am prepared for it to go to 9.00 then I will ad some serious length
short two coffee at 140.40
looking to add cocoa on more of a pullback. Extremely overbought.
covered both at 139.85 didnt like price action going to reshort again around 14.50 to 141.00 maybe 142.00
probably reshort again her soon. shagi are you still long?
short two more at 141.50
Cocoa felt tired indeed. What could suck is that we could see a pretty vicious pullback and still keep the uptrend intact.
Rtrader, where's your stop in Coffee?
Rtrader, where's your stop in Coffee?
I havea mental stop placed depending on what it trades like tommorow. If it is erratic and choppy all day like today I will scalp, if we see big lenghy moves ill just hold. Coffee imo is going to have a hell of a time getting over the 142.00 to 144.00 area. I'll see how the price action is tonight overnight and i may dump and reshort when we go higher. I'd have to look at some charts but we are probably getting overbought and due for a pullback.
you got anything going on?
you got anything going on?