I am happy about your cocoa, I wish I would have put positons on at 2500 and held! What do you think it does now?
riv I'm not as experienced as options as you are, i've never sold or bought a butterfly or condor for that matter. I'm going to read up on it
stopped at 137.10 market is slowly creeping up, roll activity i suppose? Bids aren't being hit very well today, may try and go long
Wow super huge vol in oj market!!! I want to be short vol but am not really sure where oj is headed in the short term.......for the options expert how can I short this vol while having very minimal directional risk?
Another thing you guys might want to check out is putting on an oct 10.00/11.00/12.00 sugar butterfly. Looking pretty good right about now.
Coffee breaks out tomorrow at last - on the upside - look out for a major run up to 20000 in the next 3 months - Im long at close 13700 Sept 08
shagi there is a distinct possibility that you I sold you the coffee contract that you bought Ha ha I've got very tights stops and might just dump on the open, don't have the best feeling about it. Anyways what else is going on? selling a dec 7.50 corn straddle looks good
With September OJ at 117.35 you could Sell 115 put for 645 pts Sell 115 call for 880 pts Buy 105 put for 255 pts Buy 125 call for 505 pts ------------------------------- net credit 765 pts max risk= diff b/w strikes less credit . 1,000 pts - 765 pts = 235 pts breakeven points 107.35 / 122.65 max gain= 765 pts this obviously just based on settlement prices. If you get executed on this, let me know. I would think that if one goes "to the market" on a spread like this you'll get raped. Same idea as that coffee spread where it seems it makes more sense, from a risk/reward perspective , to sell the spread.