Thursday, March 22, 2007

BG... In the Money

Well, this morning, Bunge came out of the gate fast and went in the money for about three seconds... While the markets will likely consolidate for the rest of the day, and BG might settle back a bit, I think this bodes well for the price actions viz our April $80 calls.

Remember, we have until April 21 to make money on this position. We'll keep a close eye out. Should BG keep moving in our direction, and there seems a very good chance -- BG being a nice mix of stock and commodity play in this mixed market -- we'll strike when the opportunity presents itself to take gains off the table.

That is, if we're fortunate enough to have them.

Still no word on SLUP, but I will keep you posted.


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