JEL_Futures
01-19-2010, 02:35 PM
I was just browsing through my daily charts this morning and found something I liked in cocoa.
It has been showing a very strong up-trend since the new year and has been in an overall up-trend since mid-Nov.
I think this would be a prime position to sell a put option, something around 3100 so it would be far enough out-of-the-money for any mid-short-term price fluctuations.
It has been showing a very strong up-trend since the new year and has been in an overall up-trend since mid-Nov.
I think this would be a prime position to sell a put option, something around 3100 so it would be far enough out-of-the-money for any mid-short-term price fluctuations.