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Oct 09 2017

Bean Oil Trade Update

ZL opened slightly higher tonight.. Lets update our Trade Econmics

Buy 1 Dec ZL (Bean Oil) Future @ 33.06

Buy 1 Dec 32 put for .32

Total Risk is therefore 1.06 cents on the future + .32 for the hedge = 1.38cents..

1st Target is 36.5 or 3.44 cents for a R/R profile of 2.5-1.

We may decide to sell a Covered call at some point, pending the price action over the coming weeks.

Good Trading

3ptCapital

 

 

 

 

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