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Well, today was interesting.
Out of the bonds at 111-29
Did well in the Cattle.
But, I really screwed up on the bean puts.
I sold the 675 puts (purchased at 3)
looking to re-enter when the
market contracted. They were sold at 12.
Well folks, the market never *did* contract, and
$500.00 an option walked off into the sunset
without me.
And there I stood, like a chicken in the rain, head
flung back and mouth wide open.
Totally faked out.
Walt Downs
CIS Trading
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