Will CBOT Wheat trade in the teens?

[Nasdaq5048]

Young:

I am not sure what kind of fundamentals analysis you do but i have heard a similar arguement when crude was at 40 bucks. Back then, selling 60 bucks calls seems like free money. Guess what? Katrina came, the pennies you collect on the options results of the options being 10 bucks in the money. Dont get me wrong, I am not doubting your analysis. The market can remain irrational for longer than you think.

 

[scriabinop23]

anyone think wheat is a buy here?

I put in an attempt.. 834 dec07 wheat, 824 stop.

ideas here?

 

[myminitrading]

Quote from Nasdaq5048:

Young:

I am not sure what kind of fundamentals analysis you do but i have heard a similar arguement when crude was at 40 bucks. Back then, selling 60 bucks calls seems like free money. Guess what? Katrina came, the pennies you collect on the options results of the options being 10 bucks in the money. Dont get me wrong, I am not doubting your analysis. The market can remain irrational for longer than you think.

Use technical analisys.

 

[nazzdack]

The poll shows 11 to 7. That's a fibonacci ratio!