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Intel55@xxxxxxx wrote:
>
> interesting post on the fibo ranges, however, the beans are in a wheather
> market now. In such a market the charts and "funnymetals" are throw out at
> times. Very danergous market to play right now. If we get hot and dry for
> over a week or so we could see $9+ beans in short order. Options are the
> safer way to play. Remember that crop report on june 30 called for perfect
> wheather until harvest. Also the acerage estimates coould be revised one way
> or another. In the budget cutting the USDA only has about four reporting
> stations in the Illionois area, more the 75% reduced. So their reports could
> start varying more dramatically. The trend is still down though. If we get
> good wheather , bear put spreads will work. first couple weeks in august are
> the real critcal times for the beans. That is when the pods fill and they
> need water the most. With the low carryover, if we don't get any .....hello
> $9+ beans.....but if everything goes like "they" are calling then on down the
> beans go.
> Wheat is intersting, it still looks like they might be putting in a seasonal
> low right around this area...........
Yo, Intel.
Let's assume both scenarios. In the event of continuing downward moves
of which I will be looking for UNTIL previous tops taken out, what would
you suggest in an option strategy?
Then, assume that godzilla came stompin down on Ill. and squeeshed dem
little podzies, and we shot up to bean heaven, what strategy would you
use then?
Then, finally, if you didn't care, what strategy would you use to make
money in either direction as long as it makes a move and doesn't sit
still?
I think for the safest bet in options, you'd want a strategy that
ASSUMES that whatever the direction, it is going to move there fast! So,
please share the strategy for that, okay?
I look forward to reading your reply on these questions.
Thanks in advance.
:)
rick
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