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SE Iowa | July call options OI from 3.60-4 181k Heard talk that after bearish usda funds sold those calls..mostly 4. As we move up through strike prices those funds bought cn instead of liquidating. I am not sure if I really believe that cause cftc didn't have that action...(although OI was up 50k this Monday and +17 tues which could be the result of that action) so going on, The bulk of OI is at 4 with 51k sitting there as of this am. That will be the gap and go area if funds decide to buy futures...we tested 3.98 cn Friday is June xpiration so some funky action may occur the rest of week plus 3 day weekend. | |
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