Position trades too!

[Rob]

It just occurred to me, up until now, I've just been keeping folks updated as to what we're doing intraday around here. The truth of it is, the really big trades are found on the daily charts. The problem however is with the volatility - it's keeping me out of a number of great trades only because I just couldn't stomach the stops. Trying to run tight stops in this environment will only end in heartache and a greatly depleted bank account. Both are very unpleasant thoughts. But for those with adequate funds there are some dozy trades that shape up every few days or so. For the majority of us out there, with only a few bucks to play with, these trades sometimes can be done with options (my preferred way, I can sleep at night owning an option).
But to get me started, (those that know me know that once I start, it's very difficult to stop me...lol), lets find a few markets to talk about... YOU pick em and I'll then post my take on your picks.

[dinodave]

Hey Rob!
How about a put option spread in corn, you know that I like them! LOL

Talk to you soon!

Dave

[Rob]

FINALLY!!!! LOL... Thanks for the question Dave. Yep, I see what you mean, prices are below both the short and longer term averages on the daily chart and appear to be still dropping. The weekly chart is also bearish being below its average. However, having said all that, I suspect a short term profit taking rally in the near-term. Prices on the weekly chart are a million miles away from their mean. I'll be happy to join you on a put spread, but not quite yet. Also, don't forget, "they" will need to start buying back December Corn to roll-over into the March contract, bringing demand into the market and lifting prices up. Since options prices decay with every passing day, we don't want to sit through a week or two with the market moving against us. I'm looking for a KB off the averages on the daily, or a fibwit on the weekly... should either of those scenarios play out, I'M IN!!!