Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
They don't always go up expiration day. It probably depends on how people are positioned with options. If they were short expiring calls that were about to go ITM then they would buy futures to prevent losing money. But that only works if futures don't drop after they purchase them.
Quick profit, and the options have a long way to go until expiry.
Cash prices might move down after (or just before) the long holiday weekend. Recently future prices moved down sharply on a decline of the cash prices.
I placed orders for the CTZ C75 and the NGV C3.7 just above the market.
Natural gas was already discussed here, it also was a suggestion of Carley at lower prices.
Cotton moved up yesterday on general economic strength and currency issues, but the fundamentals (weather, crop conditions and demand from China, COT data, seasonals) are all bearish.
Sold the NGV C3.6 call, following in principal a suggestion of Carley. But I waited for a higher price level, and I prefer the October contract compared to the September.
The chart shows a large reversal in the daily.
I placed a further order for the NGV C3.7 at the same price ($ 400).