OJ/ Coffee Random Musings

[Rtrader2525]

thanks TX, I am intrigued by lumber. I still am long, but that def. looks like a triangle on the daily

 

[Shaqi]

Stopped Out - on SB and LC - all markets puking with S&P's - whats the logic in that

 

[traderTX]

Jan. OJ looking attractive from an R/R standpoint here...I may take a shot on it tomorrow if it doesn't gap away from me.

 

[Rtrader2525]

long??

 

[traderTX]

Rtrader: yes I'm leaning long, but if it breaks out of that pattern lower I'll short it too.

 

[Rtrader2525]

covered all my lumber, i bot more at 204.50 and dumped it all at like 208.90. It will probably head higher, I just wanted to take some profits. I hope everyone has a good weekend!

 

[traderTX]

Quote from Rtrader2525:

covered all my lumber, i bot more at 204.50 and dumped it all at like 208.90. It will probably head higher, I just wanted to take some profits. I hope everyone has a good weekend!

Damn Rtrader! .20 off the highs so far!! Best I could ever do was like a buck or buck and a half off the high/low....nicely done!

 

[traderTX]

Rtrader, Shaqi, caroy.....what are you guys looking at this week?

 

[caroy]

I shorted some OTM March wheat puts today (420 strike) on the sell off. I'll look to buy them back on strength later in the week. I think grains will stagnate over the next 30 days or so in general but I believe the bottom is now put in.

I'm looking to sell jan meal calls on any strong rally this week.

 

[traderTX]

Quote from caroy:

I'm looking to sell jan meal calls on any strong rally this week. [/B]

Really? What is your thinking on that one? I have actually been trying to buy the Jan and March meal on pullbacks...curious to get your opinion.