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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