Stay long! Sell out of the money or at the money calls that expire this month. This may get caught up in the cotton price hoopla over the next few day. You want to be long coming out of november going into earnings, selling calls will allow you to reduce your cost basis a little. I am very long at $42.86. The price action today is actually good. If we build a base above 46, this will be very bullish....weekly chart still indicated higher.
You must have been waiting all day to post that. It is down .25 right now. As I mentioned previously I sold calls, so I am loving this. Other than bash me on this board you really haven't stated your thesis as to why you think it is going to get crushed. Is it simply on the valuation. I mean you have not even stated your position.
sure, you made money at 48
you just happened to sell on the same day you're telling everyone to get long
you're another walter mitty trader who bats 1000.....those more blunt and truthful would call you a liar and be entirely correct
Yo Rookie, don't get touched or emotional about trading...I am market neutral..I have my calls sold if I get called out I make more money than you, if I don't get called out I have an even lower cost basis. Relax, and cover your short! HAHA
numbnuts, you must be a crystal ball reader to know what is my short position and whether or not i own puts
i have no doubt you'd make more money as a palm reader than you do in the market
that maybe...but I made money from $42.86 up to $48...you shorted at $46 and are under water...additionally your Nov 45 Puts are about to expire worthless...as I said, I made money while you are committed to being right. Good luck with that strategy.
BTW - I have already made way more on this trade being long than you have been being short, so there for I am right in the end, because I will likely be out soon with a fat profit...you will be hoping to get back to even.