a little more maturity, your fingers will limber up up and you will be amazed at how fast you type!!

On quite a few occasions I have said that this forum and my posts are an exercise in self-discipline. In making that last post, it caused me to think about trading hog options and I realized that my hog pricing model could be just as effective with options near expiration as it is with futures. This was my first probe of hog options for a long time but I can assure you it will not be the last.

And now for:

Wisdom #7. The only constant in the market place that you can always depend on the fact that today will end. TIME WILL PASS. By taking a page out of the business model of the automobile insurance industry, this constant can be converted into a trading strategy and to do so all you need to do is sell option premium that will decay away as time passes just like automobile insurance. An insurance company must have four departments: 1. Sales 2. claims payment 3. Underwriting and 4. Operations to ride herd on the other three. A "Hypothetical Micro-insurance Company" liked this only needs the underwriting and you don't have to have an insurance charter from the state insurance commissioner!!

I see fishing has been good this morning, ITZ. Trend-line reversal has not worked at all but the ZZZs I am riding based on the supply/demand fundamentals are working well as are most of the calendar spreads that I have crammed onto my boat.

Best wishes,

dhm