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Everything is relative to time frame, however AGet is labeling last
rally as w.5 on daily, weekly, and monthly. Good probability we will see
modest decline, rally to lower high, more decline ... quite probably
ending in a few months around w.4 low in 65 area. The possible terminal
wave structure in feeders appears to complement the bottoming structure
of corn.
Earl
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, January 12, 2000 5:00 AM
Subject: [RT] Re: Far Out Option Trading
> In a message dated 1/11/00 11:19:24 PM Eastern Standard Time,
> jvc689@xxxxxxxxxxx writes:
>
> << To List:
>
> Yesterday was the first "far out" option trade and I post it for your
review
> and scrutiny.
>
> Sold 1 April Feeder Cattle $78 put at 25 or $125.
>
> This is practice before scale-up.The rules and the escape have been
> previously described.
>
> John
>
>
> >>
> Funny
> I just bought that put
> it was a bargain plenty of time to expire and the lowest historical
> volatility in 90 days!
>
>
>
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