Posted on December 8, 2014 by Daniel Burkholder
You should consider buying some corn calls. This chart appears really bullish to me. I’ve been buying March $4.00 calls today for 13.5 – 14.0 ct ($675 – 700). Target is $4.50 area ($2500). Regards, Walt Walter Otstott Energies & Metals Markets Dallas Commodity Company, Inc. The Colonnade, Building III 15305 Dallas Parkway, Suite 930 Addison, Texas 75001 (972) 387-0080 (972) 387-0018, fax (214) 537-9750, cell walter@dallascommodity.com
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Posted on December 8, 2014 by Daniel Burkholder
Having recovered from wounds inflicted in last month’s break in wheat, my bull headed spirit wants to re-engage. There are two basic courses of action: futures or options (A combination of the two also). 1) Buy a futures contract and risk the trade to a close below $4.80 (loss of around $2000). Objectives are $5.44 ($1350 profit); $5.78 (+$3050); $6.65 (+$7400) & $6.91 (+$8700). This is not to say wheat cannot rally higher; profit potential is unlimited. Recommended investment per contract is $4000, though the margin requirement is only $1400 (There is also a one fifth size contract). 2) Buy call options; call option spreads; et al. The methodology: combinations of calls & puts, and strike prices utilized are boundless. This is something we would have to discuss (risk tolerance and money committed). With options, we can limit your risk to the amount you wish. Hence no major $ commitment is […]
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