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so who here is going to sell the possible short covering rally tomrrow in the
beans. Me, I am selling the 7.5 and 7.25 aug calls. THe wheather is fine and
on monday the aug calls will only have 12 days left and only 10 of those are
trading days. The wheather is the only thing that can save these bean prices
now. The first week of august are the most important time for the beans. So
the sep calls are next. Have to be careful though b/c if we do get a wheather
rally/scare then these beans could go up $1 in three days. Vert. credit
spreads for me when there are 25 or less days left on the option.
Loveley day in the S&P , went long b4 the fed and took heat for a lil bit and
then we rallyed'em hard into the close. Thta 90990 area was big to break.
Follow through tomrrow if the employment looks good. We close at 12:15 so
don't forget..
take the shot .....awwwwww the dollar inex was near the top of tha right
shoulder today but could not go past it....still looking valid.......soon
.....we shall see.
SFU-DMU turned around a lil from the morning.........top in the
dollar????????/
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