MURICO.com Forum

I hope you settled the score a bit, Dewey.
In Response To: Hog trades ()

I took profits on two long NNN scalpers I bought on 2/4/2020, otherwise I am still riding all of the MMMs, NNNs and QQQs. We are still in the chase looking for the seasonality high which I expect to be on the north side of 90 around the time the NNNs go to cash settlement. The next Hog Cycle high is also on the docket - - - perhaps it will not come around until next year.

This limit up move today caught me totally off-guard. After seeing the cutouts drop 2.83 yesterday, I thought we would be in for a major down move today. I was able to cover a bunch of short G/J calendar spreads and also a short June cattle/hog spread. My timing on the June cattle/hog spread has not been very good so far this year. There have been some really nice cattle/hog spread moves that I missed and ended up with a little chicken feed.

Again today I think of Long Bear, "In the hog market you can always expect the unexpected!" May he R.I.P.

Best wishes,

D.H.

Messages In This Thread

Hog trades
I hope you settled the score a bit, Dewey.