Which is why I didn't take profit on it yesterday ...
I find this commodity and many other commodities actually
always seems to overshoot a move in both directions ...
coffee can do it in a spectacular fashion as we've seen it so many
times before ... I unfortunately didn't add enough to
my initial position ...
Posted by racerick on 14th of Feb 2020 at 09:44 am
Taking rest of my JO off the table here at 111.25 on futures,
keeping some calls. Coffee, at least seems to historically, have
some respect for the 200ma which is at 111.29
Coffee futures up strong again
Posted by racerick on 14th of Feb 2020 at 09:27 am
Coffee futures up strong again this am +3.80, within about a point of the 200ma
Which is why I didn't
Posted by mla127 on 14th of Feb 2020 at 09:33 am
Which is why I didn't take profit on it yesterday ... I find this commodity and many other commodities actually always seems to overshoot a move in both directions ... coffee can do it in a spectacular fashion as we've seen it so many times before ... I unfortunately didn't add enough to my initial position ...
i took a little off
Posted by vinylchild on 14th of Feb 2020 at 09:38 am
i took a little off the table but let my higher strikes run. if it plays out near 40$ i'll be over the moon
Taking rest of my JO
Posted by racerick on 14th of Feb 2020 at 09:44 am
Taking rest of my JO off the table here at 111.25 on futures, keeping some calls. Coffee, at least seems to historically, have some respect for the 200ma which is at 111.29
Same here. Glad I held
Posted by EdZ on 14th of Feb 2020 at 09:38 am
Same here. Glad I held as commodities tend to overshoot. JO now above 200dma.