Thanks Pabst for your journal; currently I trade only bonds so I'm really interested about your vision/scenario on ZB Bernard
Hey guys. It's going to be a wild Grain trade today. Looks like the planting intentions report this AM was what everyone expected, a lot of Corn and not a lotta Soybeans (although there's a decent carryover). I'm looking to be a seller of Bean puts today. My Cotton is breaking out. I'm going to add to my longs. Until proven wrong (I don't have a stop, YET) I'm taking a bona fide shot at Cotton as a 4 star long. My Bond shorts worry me. (20 years of getting killed by selling Bonds is conditioning me) However as I type bonds are collapsing!!! YOWSA, this is a nice day already. DEFENSE will be the order of the day. Working Stops: Bonds B 10 111.24
Just placed an order by telephone to sell 5 May Soybean 780 puts at the market. Talk about trading blind!! I don't know within a nickel of what I'll be filled at. Beans are called 7 better I'm thinking I'll get 12 cents for these puts. We'll see, lol.
Wow!! Corn lock limit down. Beans opened 2 lower and straight down. Filled at 20 in my Bean puts. I LOVE round numbers like that. Exactly 5k in premium collection. A lucky sign perhaps... Except that I'm down a few grand already on them.......
DARN!! B 5 SK @ 7.63 1/2 sold em at 68. Now trading 72. Unable on 2 Cotton buys on the low of the freakin' day!