I am writing this a bit early today and things may change in the next few hours but I need to leave the office early for a radio interview this evening. I will be joined by Barbashop; one of our most succesful CTA’s in 08′ (up over 130%). We will be speaking about managed futures. [...]
Oil trying to find a bottom, up $1 today as of this writing after being down $1.50 this moring even with dollar strength. Natural gas down 7%; we will need a rally to cut losses in our February calls. We are pricing out bullish option plays in March RBOB; selling puts and/or buying calls. A [...]
Can you say limit down? Corn, soybeans and CBOT wheat were limit down today. The correction we were looking for before the report happened after the report issued at 8:30 AM this morning. Classic case of buy the rumor sell the fact. We own March bean puts and will be taking them off the next [...]
We were recommending clients to buy February $7 calls in natural gas today for $600; still loking for a .75-1.25 move higher in the very near future. Additonally we are recommeding NOB spreads short 30-yr bonds and long 10-yr notes in March looking for bonds to lose more than notes. As an out right directional [...]
