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Anyone playing the July Corn Options? As you know-- trend has been
Downwards. I bought the July 290 Puts @18 on 5 Nov. Since then, it has
been side-straddle-hop, up and down, but mostly down since then. However
, the price dropped to 17-- 17.5. Yesterday, with the market dropping,
the Put value didn't go up-- oh no, it went down. Today, with the corn
OFF another 8 points, it finally increased to 18.5.
At this rate, I'll have to see at least another 20 point drop in order
to break even. Crying the blues-- not really. I should just cut my
loss, and let the manipulators play their little games. No more options.
Anyone else having similar experience? T.C.
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