Friday, August 10, 2012

Corn 8/10

Welp, the report came out and for a second, corn reach up towards $8.49, only to retrace to 816.  Exited 830 call option for a loss of 10 cents, at 818 bought 2 more $9.00 called for 31 cents each.... holding 7 $9.00 Dec call options at an average price of 37 cents... at 824, $9.00 call are trading for 33 cents... Can accept a 28 cent loss, so will be holding for a little longer... would accept a 14 cent loss, unless we see some strength...however will probably hold from here...

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