Greetings: Corn: The KSU revised chart with JUNE19 WASDE numbers is here: You can see where the average to-farm prices were back in 2012 when the STU was below 10%. All the numbers are indicating […] Read More
Trade Commentary
New Trades today: I sold a Crude Oil SEP19 70-strike CALLs today for 0.09 ($90 each). Net initial margin required: $565. Premium collected excluding comm = $90 for possible ROI of 90/565 = ~ 15.9% […] Read More
Greetings: The Mexican tariffs have been ‘suspended indefinitely.’ An agreement was reached on Saturday. More tough talk between USA and China on tariffs (really not new news.) Perhaps this will clear the air a bit […] Read More
Greetings: Closing Purchase today: I closed out my short DEC19 Corn 330-strike PUTs today for 1.375. I had sold them for 2.00, so there is a very small profit here of 2.0-1.375 = .625 X […] Read More
Greetings: New Trade: I sold the DEC19 short strangle 30 PUT and 90 CALL for .30 ($300) this morning. I got 0.20 ($200) for the DEC19 30 PUT, and sold the DEC19 90 CALL for […] Read More
Greetings: June 3, 2019 MONDAY Commentary Crude Oil: Prices slumped to a three-month low around President’s Trump’s trade policy with Mexico and the news of a slowdown in the Chinese economy— castings doubts on the […] Read More
Greetings: I closed out my short NOV19 Soybean 1100-strikes Tuesday at 4.25. I had sold them for 3.00 cents, so my loss was (not incl commissions) (4.25 minus 3.0) * $50 = -$56.25 per option. I […] Read More
Greetings: NEW TRADE TODAY: closing purchase NOV19 1100 and 1200 strike CALLS. Soybeans: Beans are likely to follow the corn market up and that does not bode well for my short NOV19 short calls at […] Read More
There will be no TRADE COMMENTARY on Monday, 27th MAY 2019 due to a holiday schedule. The commentary will the following day on Tuesday 28th May next week. Closing Trades and Orders today, 22 MAY […] Read More
Greetings: Today this is about primarily two things: 1) Corn 2) Taking Profits Corn: The “headline” for corn traders this week is crop progress report. The entire report is available at this link from USDA via […] Read More
