The cotton option broker is exactly that - a broker, not a local. Any local who is successful long-term is simply arbing the paper in the ring, not taking speculative crop report positions. The crop report talk is nothing more than a habit useful for drumming up business from her customers. She likely trades little, if at all, for herself - and if she does, the trade never hits the ring until she dumps it off on a local for a few quick ticks.Quote from optioncoach:
ONly fascinating person I wanted to hear about was the Options Broker for cotton but they said nothing about what she does. She is talking about crop reports and stuff but she is a BROKER, if I heard correctly. She is not trading for herself, just repeating customer's orders so I do not think her opinion is taken by anyone, no? Someone with expericne as floor broker?