SOY BEANS
Have not broken $5.00 in almost a year but this is the season that produced many "limit" moves in the past. Why? Though August is the truly last of the "old crop" the July is the measuring stick that the trade uses and thus when this contract goes into delivery (first notice day is 6/29) and weather factors (Drought or Flood) are seen to affect the "new crop" then the price of the beans in storage races up. With no limits on the delivery month contract the novice trader should avoid the High Risk factor of holding outright positions. So HOW do we PROFIT from this possible Soybean Explosion?? The under utilized AUGUST OPTIONS. Not Only will most bean speculators see their July Calls expire worthless this Friday (6/23) but few will play the "serial" month August and instead use the more popular September (but that's NEW crop). One additional benefit of "AUGGIE" (chart below) is that this option expires AFTER the LAST NOTICE day for July, meaning delivery pressure could drive the old crop "to the moon". What strike prices should we BUY? How much $$$$$ is needed to start?? WHERE do I get these ANSWERS???
Michel P. Saponara CTA 877-849-4685 ex 211
Director of Operations and Trading
International Futures Inc.
82 WALL Street
Suite 200
New York,NY 10004
877-849-4685 ex 211
FAX-212.514.9429
msap@oneglass.com
DISCLAIMER: This is not a solicitation to buy or sell commodity futures or
any other investment vehicle. Trading is very risky and only risk capital should be
employed when trading futures and/or options.