July is up big and has filled the gap. I would consider scaling out of locking some deltas here at 393.
This is interesting. Two schools of thought. Tudor vs. Dennis Conventional wisdom states there will be retracement after a quick 40 cent rally. Most traders would take profits, scale out or move up their stop. Rich Dennis would be adding today. The gap is more than filled. It's been GAPPED through. My guess? VERY bullish event. Keep in mind this shit isn't EUR. I'm not taking cues off of recent commodities price action but rather I'm looking for parallels to the great moves in the 70's. Corn could pop a buck on air or fail here. Random? Fuck yea. Anyone who thinks different is a fool. So should a trader "lock in" or bet the ranch? What's the better expectancy over a lifetime of these setups? With that said: I'll probably sell some calls. I very much wish grain opts were on the screen (I wish EVERYTHING was on the screen). It's difficult getting quotes and I don't have options software giving me theoreticals. Pricing on the fly is thus difficult. If futures start filling in the gap(s) I'll be a seller.
Thanks. I look each day and I've never seen a trade on the CBOT volume report. I too presumed they were "side by side." I'll find out more.....
L 5 ck 69 3/4 This sucks atticus. I can't these options on!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Every freakin time I pick up the phone corn breaks. I want to sell some bean calls also.
B 1 ZB 110.11 +612.50 (I wanted to make up for last weeks 20 tick loss) Still short 10 bonds from 112.08