Wheee on DBA!
As I mentioned in the Webinar, that LTP trade is still good for a nice gain:
- Buy 25 DBA Jan $21 calls for $2.54 ($6,350)
- Sell 25 DBA Jan $23 calls for $1.30 ($3,250)
- Sell 25 DBA Jan $22 puts for 0.50 ($1,250)
That's net $1,850 on $5,000 worth of spreads that are now in the money. Our original entry was net $350, so we're already up $1,500 (428%) and it does seem less attractive but we took a big risk in April and now it seems a lot more likely that we'll get the full $5,000, which is up $3,150 (170%) from here so I do still like this trade - even though it now only pays 170% in 6 months...
Crop report/Randers - Thanks for fining that. Ags are still moving up - I remember in 2008, at the same time the Asian markets were falling, rice and soy spiked higher and led to hosts of other problems:


