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Search: Posts Made By: myrrdin
Forum: Commodities March 15th, 2022, 12:39 PM
Replies: 115
Views: 37,385
Posted By myrrdin
I do not trade the May contract any more because...

I do not trade the May contract any more because of the extremely low volume. Thus, I have no idea.

Best regards, Myrrdin
Forum: Commodities March 14th, 2022, 11:58 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Have a look at the open interest of the options: ...

Have a look at the open interest of the options:

HEK P100: 10 (!)
HEM P100: 3.730

I remember selling some HEK options many years ago. Even my broker had problems to get me out of this trade.
...
Forum: Commodities March 14th, 2022, 11:33 AM
Replies: 115
Views: 37,385
Posted By myrrdin
May and July contracts usually have very low...

May and July contracts usually have very low volume; most people only trade the June contact. Thus, May and July contracts often are mispriced.

Best regards, Myrrdin
Forum: Commodities September 28th, 2021, 04:36 AM
Replies: 115
Views: 37,385
Posted By myrrdin
I like the bear spreads in the hogs, and entered...

I like the bear spreads in the hogs, and entered a first position in the HEM-HEG yesterday before the close.

Best regards, Myrrdin
Forum: Commodities September 24th, 2021, 03:43 PM
Replies: 115
Views: 37,385
Posted By myrrdin
Hogs and Pigs Report came in strongly bullish. ...

Hogs and Pigs Report came in strongly bullish.

The Cattle on Feed-Report is considered to be bearish, especially for the 2022 contracts.

Best regards, Myrrdin
Forum: Commodities September 24th, 2021, 10:16 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Liquidated all open positions in the meats before...

Liquidated all open positions in the meats before the report, with all of them showing nice profits.

Best regards, Myrrdin
Forum: Commodities September 24th, 2021, 08:57 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Today after the close the quarterly Hogs and Pigs...

Today after the close the quarterly Hogs and Pigs Report as well as the monthly Cattle on Feed-Report will be published. Both reports have the potential to strongly influence the market.

Thus, I...
Forum: Commodities September 23rd, 2021, 08:30 AM
Replies: 115
Views: 37,385
Posted By myrrdin
The outright longs are based on the futures being...

The outright longs are based on the futures being undervalued compared to cash, in my opinion. These are small and shorter term trades.

Both positions are covered via short call options, as I do...
Forum: Commodities September 23rd, 2021, 08:10 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Re-entered the LHJ22-LHZ21, as intended. I...

Re-entered the LHJ22-LHZ21, as intended.

I intend to add some LHM-LHG around 11.

Additionally, I hold two outright long positions: LHG and LCZ.

Best regard, Myrrdin
Forum: Commodities August 12th, 2021, 10:09 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Took nice profit on these trades, and might enter...

Took nice profit on these trades, and might enter the LHJ22-LHZ21 again at a higher level.

Best regards, Myrrdin
Forum: Commodities July 24th, 2021, 12:33 PM
Replies: 115
Views: 37,385
Posted By myrrdin
I added some LHG22-LHV21 and some LHJ22-LHZ21 as...

I added some LHG22-LHV21 and some LHJ22-LHZ21 as seasonal trades in recent days, and now hold full positions for both spreads.

According to seasonal charts and according to fundamental data, both...
Forum: Commodities June 28th, 2021, 01:27 PM
Replies: 115
Views: 37,385
Posted By myrrdin
I had taken profit on my LHG22-LHV21 before the...

I had taken profit on my LHG22-LHV21 before the Hogs and Pigs report, as these reports can
include surprises.

Today I re-entered with a small position.

Best regards, Myrrdin
Forum: Commodities June 24th, 2021, 05:07 PM
Replies: 115
Views: 37,385
Posted By myrrdin
I agree, but to me the report still looks almost...

I agree, but to me the report still looks almost neutral. I would be surprised if there were significant price changes tomorrow. I do not expect a limit move.

Best regards, Myrrdin
Forum: Commodities June 23rd, 2021, 01:58 PM
Replies: 115
Views: 37,385
Posted By myrrdin
In addition to exiting my LHQ short (a bit too...

In addition to exiting my LHQ short (a bit too early), I exited 1/3 of my LHG22-LHV21 spreads.

Tomorrow the Hogs & Pigs report will be published, and this report is always good for a surprise.
...
Forum: Commodities June 18th, 2021, 10:37 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Kevin Bost publishes an interesting weekly...

Kevin Bost publishes an interesting weekly newsletter explaining the mechanisms behind hog and cattle prices. It helped me a lot to understand what is going on in these markets.

Best regards,...
Forum: Commodities June 17th, 2021, 10:41 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Hogs might still go lower, but the main profits...

Hogs might still go lower, but the main profits for the shorts in the August contract should be in. I took profit on my (unfortunately) small position and stay with my long term position in the...
Forum: Commodities June 9th, 2021, 05:09 PM
Replies: 115
Views: 37,385
Posted By myrrdin
Yes, I agree. I am short the August contract with...

Yes, I agree. I am short the August contract with a stop on close above the recent high. I do not see a reason for a black swan.

My main position in the meats is still the LHG22-LHV21.

Best...
Forum: Commodities May 24th, 2021, 03:04 PM
Replies: 115
Views: 37,385
Posted By myrrdin
I am long coffee for some months. Dry weather...

I am long coffee for some months. Dry weather keeps the crop relatively small, and we are in an off-year. On the other hand, after the opening (COVID 19) consumption should rise. But I am not sure...
Forum: Commodities May 24th, 2021, 02:06 PM
Replies: 115
Views: 37,385
Posted By myrrdin
What I am trading when entering a seasonal trade...

What I am trading when entering a seasonal trade is probability. I traded bear spreads in the hogs during the summer months very many times over approx. 20 years, and it often worked well. Most...
Forum: Commodities May 24th, 2021, 01:27 PM
Replies: 115
Views: 37,385
Posted By myrrdin
LHG22 - LHV21. Best regards, Myrrdin

LHG22 - LHV21.

Best regards, Myrrdin
Forum: Commodities May 24th, 2021, 09:21 AM
Replies: 115
Views: 37,385
Posted By myrrdin
I like seasonal trades, and one trade that works...

I like seasonal trades, and one trade that works in many – but definitely not in all – years is the LHG-LHV during the summer months.

This year the spread has reached an extremely high level. Only...
Forum: Commodities February 2nd, 2021, 05:51 AM
Replies: 115
Views: 37,385
Posted By myrrdin
I do not intend to enter this spread, as I...

I do not intend to enter this spread, as I already hold a number of positions in the meat markets.

On the one hand, it did follow the seasonal chart nicely in recent months. In my opinion, this is...
Forum: Commodities January 14th, 2021, 05:15 AM
Replies: 115
Views: 37,385
Posted By myrrdin
I have been asked about educational materials...

I have been asked about educational materials regarding meats.

I get a lot of information from the daily Hightower Report. They write a lot about supply and demand, discuss various reports, talk...
Forum: Commodities November 25th, 2020, 12:52 PM
Replies: 115
Views: 37,385
Posted By myrrdin
To my European friends: Tomorrow is Thanksgiving...

To my European friends: Tomorrow is Thanksgiving in the US, and there will be no trading of Grains, Beans and Meats.

To my American friends: Happy Thanksgiving !

Best regards, Myrrdin
Forum: Commodities May 24th, 2020, 02:10 AM
Replies: 115
Views: 37,385
Posted By myrrdin
Of course, in Europe we eat meat, too. ...

Of course, in Europe we eat meat, too.

According to Wikipedia, the meat consumption per capita in the US was 120.2 kg / year compared to 88.1 kg / year in Germany. Figures are form 2009, I did...
Showing results 1 to 25 of 62

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