Wednesday, October 10, 2007

New Recommendation: Bunge April 2008 Call Options

Today we're going to take a flyer on what is essentially a covered call play... by adding the Bunge April 2008 $125.00 call (BGDE.X) options to the portfolio.

We've seen strong action in Bunge (BG) for months on end, and are now up more than 50% on this position.

Continued higher grain prices, the demand for ethanol and corn, and Bunge's positioning as a supplier of foodstuffs to the exploding consumer populations in China and India are all helping push the stock higher.

Commodities in general could continue strong over the next six months (crystal ball warning!) because of the continued volatility and uneasiness in the equity markets (which can drive people into real assets like commodities)... and also the continuing bull cycle for commodities in general, which should run for another few years more at least based on past 16-year bull cycles in the sector.

This is a pure speculation on BG continuing its upward march. And we have a few months to be right... or wrong.

Action: Add the Bunge April 2008 $125.00 call (BGDE.X) options to the portfolio at $3.90.

Good trading,



Anonymous said...

What's Going down i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out loads. I am hoping to contribute & aid other users like its helped me. Great job.

My web-site binary options calculator []

Anonymous said...

Oh my goodness! Incredible article dude! Thank you so much, However I am encountering difficulties with your RSS.
I don't understand why I am unable to join it. Is there anyone else getting similar RSS issues? Anybody who knows the answer will you kindly respond? Thanx!!

Look at my site - does cedar finance really work

Anonymous said...

Pretty! This has been an extremely wonderful article.
Thank you for supplying these details.

my web page; day trading options rules

Blog Archive