Got out of that ZSF:H15 spread at 12.6, caught about a $4 move. Option expiration today in the grains, should be interesting to see what happens.
Long Mar LIFFE White Sugar/ Short Mar NYBOT Sugar @ 2583 ratio( 413.8/0.1602 ) based on correlation. My first interproduct spread. We will see what happens...
Out @ 0. Thanks GHW. You can probably make more on the downside with the chart pattern and seasonals ,but it was my initial target...
Short Feb/ Long Aug15 Hogs@ -3.6. Strong seasonals to Mid January. Retracement on a trend already in place. No Pedv threat in sight. Market much calmer now.
YW! I took profits on 1/2 of my position last week @ -0.5. It looks like it may breakout of the triangle to the upside so at this point my PT for the remainder is around the +1.5 resistance.
I like the hog bear spreads as well. I am in the M/G spread now @ decent size with a very similar looking chart to the Q/G. One thing I like about these is that they have reached the 15-20 range quite a bit in the past.
Long Feb/ Short Mar15 Class 3 Milk @ -0.06. Small carry while the front of the curve is in steep backwardation. Visual trade.
Anyone looking at this head and shoulders pattern on Soybeans? It is textbook, upward sloping neckline, broke through the neckline yesterday, rallied back up to it today. I give little salt to patterns, but I know everyone is looking at it.
This entry was really poor. The forward curve was so appealing I didn't even look at the chart. I guess the bottom is in now but I should have taken a few more ticks near last week's bottom.