Like everyone else – I’m worried the US markets are going to crash, or at least severely tank, tomorrow. Grains have been down big already this week, and the US markets have not even opened.
So instead of waiting around to be slaughtered like a lamb…I’m trying to play a little offense. Here’s an overview of the trades I made tonight – we’ll see how they work out tomorrow.
- Sold the grains. They have been looking weak. Needed to deleverage.
- Shorted crude oil. This is a hedge. If the softs drop (sugar, cotton, etc) in panic selling, I imagine crude will suffer more.
- Bought the Japanese Yen. I expect we could see a spike in the Yen and/or Swiss Franc amid panic selling, as traders rush to cover their carry trades.
| Date | Position | Qty | Month/Yr | Contract | Strike | Call/Put | Entry Price | Last Price | Profit/Loss |
| 01/03/08 | Long | 1 | MAR 08 | Corn | 468 | 478 1/4 | $512.50 | ||
| 01/14/08 | Long | 1 | MAR 08 | Cocoa | 2214 | 2126 | ($880.00) | ||
| 12/20/07 | Long | 1 | MAR 08 | Cotton | 66.45 | 70.79 | $2,170.00 | ||
| 01/09/08 | Long | 1 | MAR 08 | Cotton | 69.61 | 70.79 | $590.00 | ||
| 01/22/08 | Long | 1 | MAR 08 | Japanese Yen | 0.9460 | 0.9461 | $12.50 | ||
| 11/09/07 | Long | 1 | MAR 08 | Coffee ‘C’ | 126.05 | 133.00 | $2,606.25 | ||
| 01/22/08 | Short | 1 | MAR 08 | Crude Oil (e-miNY) | 87.450 | 87.400 | $25.00 | ||
| 12/20/07 | Long | 1 | MAR 08 | Sugar #11 | 11.10 | 12.16 | $1,187.20 | ||
| 06/04/07 | Long | 2 | JUL 08 | Sugar #11 | 10.05 | 12.65 | $5,824.00 | ||
| 08/01/07 | Long | 1 | JUL 08 | Sugar #11 | 10.48 | 12.65 | $2,430.40 | ||
| 12/20/07 | Long | 1 | JUL 08 | Sugar #11 | 11.37 | 12.65 | $1,433.60 | ||
| 10/18/06 | Long | 1 | JUL 08 | Sugar #11 | 12.08 | 12.65 | $638.40 | ||
| 01/02/08 | Long | 1 | MAR 08 | Swiss Franc | 0.899500 | 0.9037 | $525.00 | ||
| Net Profit/Loss On Open Positions: | $17,074.85 | ||||||||
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