World demand is increasing. Several reports are telling us that world grain and metal stockpiles are at record lows. We already know that world stock piles of oil are low, now we are getting grains and also metal (not just precious but also industrial).
Fun times. Just make money off this. Other wise it should be a brutal time for wage earners not to mention retired folks. Maybe you can offer some help to them. Refer them here and see if they can learn something to help them.
Even though we will see record prices, we are entering a phase that makes for wild times. About the only way I know to not get wiped out trading options would be playing this with options can be LEAPS or cal- diagonal spreads. If you do not understand them, speak up.
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4 comments:
Hi Dell, Really appreciated the webinar on thursday and hope to participate in MANY more with you. Your trading style seems to mesh with mine so calendars appeal to me-so far. 99% of my trades are of typical short term vertical credits. Would you impart a bit of methodology with Cals? ie. where in the chain is best strike relative to price for bto on leap leg and what distance away from bto typically to set the sto on front mth and forward.
Again thanks for your lively discussion during webinar, was great for me.
Dave dave@haassociates.com
No problem. I forget at times the experience level varies when in a group discussion. Look for my next post today.
Great webinar Dell,
I did notice you are going further out with the calendars...I'm still doing 6 months at a time.
Can you comment on why you would do longer term?
Some etf's I'm looking at for calendars are ung, oih, kol and ewz on pullbacks.
Thoughts?
We want to go out farther because the volatility is so wild with price fluctuations.
If we were to go shorter months, we may get caught in a month correction. That does not leave much room for premiums to offset a loss on the long side
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