Neutral Nick update in his quest to get the most for his grains

The 2000 Import and Export Market for Worked or Prepared Breakfast Cereal Grains in Denmark (World Trade Report)

Markets closed rather weird today in another volitale session today the 13th of April.  We seen our markets start firm; but then saw breaks of 20-30 cents on wheat; only to follow that up with a good dime rally.  What is the market trying to tell us today?

Below Neutral Nick updated his position in his quest to stay short delta bushels of 100,000 each for soybeans, corn, and wheat.  I wonder if any bankers would still have him as a client?  What about brokers?  They would love him right?  What about the brokers that are not paid commission and are just paid flat?  What do they think of his strategies and methods?  Smart or stupid?

Neutral Nick 4-13-11

Had plenty of trades today to try and adjust his position

For soybeans he sold 300 of the 14.00 July Calls, 155 of the 1460 July Calls, added put ratio spread via buying 50 of the 13.00 July puts and selling 150 of the July 1200 puts.

For corn Nick added the follow positions to his all ready massive portfolio of as he sold 50 of the 850 July corn calls, 50 of the 800 July calls, purchased 25 of the 700 July Puts, and sold 40 of the 650 puts

For wheat he sold 100 of the 850 July calls, 93 of the 8.00 July wheat calls, added a put ratio spread in the form of purchasing 50 of the 730 puts and selling 150 of the 6.50 puts.

Overall it is nice to see his P L projected to be rather high and it is nice to see him presently up over a million dollars on the beans; not bad for 100,000 bushels!

Now how realistic and how much the cost is for margin that is up to you to decide and those factors shouldn’t be taking lightly as there is plenty of risk in what nick is doing; simply look to the far off portions of his charts. If he has a big error he loses the farm.