England should have English coach – Wenger

first_imgArsenal manager Arsene Wenger says he has not been contacted about taking control of the England national team, but believes the job should be given to an Englishman. “There has been no contact,” the Frenchman told beIN Sports. “There is nothing really to add. Personally, I want England to do well.” Wenger stressed he felt the role would be best served by a home-grown coach, with Under-21s boss Gareth Southgate having taken up the job on an interim basis. “It is very important (that the manager is an Englishman), I have always said that.” “A country like England, with a huge football passion … and as well the structure of the national team (it) looks to me (that it) demands a guy from your own nation is the leader. “If you think that tomorrow you are the coach of France and you play against England, when the national anthem is played of England, you cannot sing it and you cannot sing as well the anthem of the team you are leading. “It looks to me a bit strange, that is why I like what is logical … I think it is better (to have an Englishman).” Wenger is in the final season of his current Arsenal contract after 20 years in his current role. He has said in the past that it is possible that he could one day coach England and he has been publicly noted as a candidate by FA chief executive Martin Glenn. “It is quite simple. My first priority was always Arsenal. The second thing I would have considered was to stay in England,” Wenger said. “It would be difficult for me to manage another English team, and so the second possibility would have been England, but my priority was always my club.”last_img read more

Free agency begins

first_imgLewis, a safety from Philadelphia, will become an immediate starter in the 49ers’ inconsistent defensive secondary alongside Clements, coach Mike Nolan said. Fletcher agreed to a five-year, $25 million contract with the Redskins, capping another busy day of free agency for one of the NFL’s top-spending teams. The agreement, which includes a $10.5 million signing bonus, came as Fletcher and cornerback Fred Smoot were treated to a Washington Wizards game, part of a courtship by a Redskins team that went 5-11 and needs to repair the worst defense in the NFC. The Indianapolis Colts also made some big moves, releasing receiver Brandon Stokley and defensive tackle Montae Reagor – two players who until they were hurt were integral parts of the team that won the Super Bowl. Stokley ruptured his right Achilles’ tendon in December and Reagor incurred facial injuries in an auto accident on the way to a game. The Colts also face the loss of other key players from their championship team, including cornerback Nick Harper and running back Dominic Rhodes, who rushed for 113 yards in the Super Bowl. Rhodes reportedly spent Friday visiting the New York Giants, who are seeking a veteran to pair with Brandon Jacobs as they try to replace the retired Tiki Barber. The San Francisco 49ers were the team that made the biggest news later in the day, signing cornerback Nate Clements to what’s believed to be one of the richest contracts for a defensive back in NFL history. They also signed former Philadelphia safety Michael Lewis. Clements agreed to an eight-year, $80 million contract, topping Champ Bailey’s seven-year, $63 million deal with Denver in 2004. The six-year veteran was considered one of the top prizes in free agency, and the 49ers rewarded him accordingly. The Washington Redskins were aggressive on the first day of free agency Friday, wooing and then signing London Fletcher to fill a big spot at middle linebacker. As they’ve done in past years, Daniel Snyder and his underlings seemed ready to make a big early splash, albeit in a market in which teams have cash to spend but few – if any – impact players on which to spend it. center_img Another running back officially came on the market when New England released 32-year-old Corey Dillon at the same time they were re-signing fullback Heath Evans. Denver’s Jake Plummer was reportedly on the way to Tampa Bay for a fourth-round draft pick. But the NFL Network and other media outlets reported that he had decided to retire rather than accept the trade. Another QB, Jeff Garcia, was contacted by the Oakland Raiders, who would like him to return to the Bay Area, where he grew up and played with San Francisco. He also could be courted by Tampa Bay and Minnesota. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Judge wants auction set for O.J. book rights

first_imgSANTA MONICA – A judge ordered the Sacramento County Sheriff’s Department on Friday to set a date to auction the rights to O.J. Simpson’s book, “If I Did It.” The book, in which Simpson explains how he might have committed the killings of his ex-wife Nicole Brown Simpson and her friend Ron Goldman, is the subject of a legal battle between the former NFL star and Goldman’s family. Initially planned to be published by HarperCollins, a division of News Corp., the book and companion TV interview were never released amid public outrage. Goldman’s family has been trying to collect a $33.5 million civil judgment from Simpson in a decade-old wrongful-death lawsuit. Earlier this month, a Los Angeles County Superior Court judge ordered the book rights to be auctioned off with proceeds from the auction and any subsequent book profits turned over to Goldman’s family. Judge Gerald Rosenberg also ruled that the rights of Lorraine Brooke Associates, a Florida-based company that struck the book deal with HarperCollins, be included in the auction. The judge ordered that the auction be held by the Sacramento County Sheriff’s Department since HarperCollins’ California offices are located there. But after his March 13 ruling, the Sheriff’s Department raised concerns over whether it had jurisdiction over Lorraine Brooke since the company was in Florida. Rosenberg ruled Friday that he considered the company a Simpson “surrogate” and ordered the Sheriff’s Department to set a date as soon as possible for auction.last_img read more

American Idol: Double elimination

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Blake was wack. LaKisha couldn’t sell the love. Jordan, well… painful. That’s what our judges thought of Tuesday’s American Idol auditions. What about you? Share your thoughts at Idol Chatter, our American Idol blog. VIDEO: NBA players audition for Idollast_img

Spirited Gor out of CAF Champions League

first_imgA spirited Gor Mahia, playing under a hostile environment, pressed hosts Esperence to their edge despite conceding a goal in the 20th minute, but thanks to the solid defence of the home team coupled by time wasting, they denied the Kenyan champions an away goal that could have seen them write history by proceeding to the Group Stages for the first time in over two decades.Unlike the last time when Gor played in the same Stade Olympique de Radès pitch where they lost 5-0, it was a much improved K’Ogalo that played this time, showing composure and defending well.Esperance took the lead after the Gor midfield failed to thwart a build-up from the hosts that gave Anis Badri an opportunity to smash the ball past K’Ogalo shot-stopper Boniface Oluoch.The result saw K’Ogalo relegated to the CAF Confederation Cup where they will know their opponents for the play-off round when the draw will be conducted March 21.Gor Mahia will now turn attention to the Kenyan Premier League where they seek to defend the title.They are currently leading the log on 16 points and with a match at hand.0Shares0000(Visited 2 times, 1 visits today) 0Shares0000Gor Mahia players jostle for space with Esperance during their CAF Champions League first leg First Round. Photo/RAYMOND MAKHAYANAIROBI, Kenya, Mar 18 – Hard fighting Gor Mahia bowed out of the CAF Champions League after going down 1-0 on aggregate to Esperance of Tunisia in the first round.Esperance won 1-0 in the return leg played in Tunis on Sunday after the first leg ended in a 0-0 draw hosted at the Kenyatta Stadium in Machakos 10 days ago.last_img read more

Griffith Observatory

first_imgVan Nuys Role reversal Re “City officials back audit of LAUSD” (May 11): Our mayor doesn’t miss the opportunity to get photographed for this or that occasion. Is he continuously showing his smiling face hoping to get noticed by some producer and get signed for some upcoming film? After all, if Arnold and Ronald and George switched from the acting arena to the political arena, it would be fitting for Antonio to do the reverse action. He has a smile almost as luminous as Julia’s. – Dante F. Rochetti West Hills Many `ifs’ later Re “Abandoned” (Your Opinions May 11): Calling 1-800-ABANDON daily is abusive and will not get you faster service, as the Department of Transportation tells you up front there is a delay. When they do come, if the vehicle is not stolen, they will issue a 72-hour warning to move it or lose it. And don’t call the Los Angeles Police Department unless you want even slower response time to real emergencies. Yes, if Parking Enforcement were faster, if Animal Regulation responded to barking-dog complaints and Building and Safety went out on early and weekend construction violations, we’d all be happier. We’d also be happier if people acted like adults and not spoiled children. – John Kurt Reseda Not a surprise How can anyone be surprised that President Bush would sign an executive order authorizing the National Security Agency to collect phone call records of Americans without a court order? Dictator Bush has been overlooking obtaining warrants for years. In fact, he has been overlooking the Constitution since coming to office. – Jean Strauber Encino We must change Because of the astronomical and unending rise of the price of oil, this country is on the verge of an economic catastrophe that could make the Great Depression look pale in comparison. Americans, wake up. We are gas junkies and learned practically nothing from the 1973 oil shortage. If we heeded the warning of that year, history would not have repeated itself. Also, there would be less reason for us being in a Middle Eastern war now. 1973 was a warning. 2006 is the real thing. Americans must go on an oil diet. – Michael Dunn Van Nuys Crime stats explicated Re “Cooking the books” (Editorial, May 10): You mentioned that the Los Angeles Police Department had altered the way that they count the crime statistics. You also say ” … until we can get a clearer breakdown of the data, it’s hard to know how much of a difference Bratton’s reforms have made.” According to FBI Uniform Crime Reporting rules, for the assaults category, only the aggravated assaults need to be reported. For some time, LAPD was erroneously including all of the child/spousal assaults in the aggravated assaults category. In 2005, LAPD corrected this error and included an explanation in their yearly crime statistics posting. According to official LAPD statistics from their Web site, this caused a 40 percent drop in their aggravated assaults category. If we exclude the aggravated assault category from both 2005 and 2004, LAPD still managed to reduce the crime by 9.1 percent (versus 14 percent that they have claimed, including the changed aggravated assaults category). This means that LAPD had succeeded in reducing the overall crime rate even though they may not have a double-digit decrease in Part I crimes. Of course, in order to get a better picture, it is up to LAPD to go back to their system and calculate the simple assaults category that they have previously included in their 2004 aggravated assault report and post that information along with the new information. – Safa Egilmez President, Southern California Crime and Intelligence Analysts’ Association Cats redeemed Re “What about cats?” (Your Opinions, May 5): Betty Jenkins sounds like a lady in my neighborhood. She hates cats, too. After the 1994 earthquake, the Valley had a very serious rat and mouse problem. Several of my neighbors and I trapped feral cats and spayed and neutered them and we fed them to keep them close. We eliminated the rats, mice and possums. So you see, they have redeeming qualities. By the way, I have yet to see or hear of any dogs being injured in our neighborhood because of cats. – Mary J. Nassany Northridge NAFTA not dangerous Re “Stop the FTAA” (Your Opinions, May 9): Once again, Ed Ventresca is coming forth with his Chicken Little sky-is-falling opinion of how NAFTA will devalue our “American System.” The North American Free Trade Agreement is a treaty between three countries that share borders. It does not create some “super government” that supersedes the federal body of law. NAFTA allows for the importing country to deny NAFTA benefits if NAFTA guidelines are not followed. NAFTA is not responsible for border problems. That lies with a completely different department of the federal government. NAFTA is not dangerous for America. What is dangerous for America are opinions put forth as fact when it’s obvious the facts haven’t been researched by the opinion-maker. – Janet Tanenbaum Turchin Encino Economics 101 Re “Let’s not pretend” and “It’s a utility” (Your Opinions, May 7): Bruce Alan points to higher gas prices in “liberal” states like California, New York and Illinois than in Texas, Montana and Wyoming, concluding President Bush and his buddies are to blame. In reality, it’s the result of onerous taxes and formulation regulations in liberal-run states. Let’s not go back to gas lines if Carter-like controls are applied to control prices. If we want lower prices, we must let the marketplace work, e.g. tap the crude oil resources in Arkansas, lift taxes on imported ethanol and build refineries. Look what deregulation did to the telephone utility. Lawrence can call his liberal friends in Massachusetts at a fraction of the cost vs. the ’80s. – Patrick Henry Lake Balboa Like Israel From earliest times to the present, cities and countries have built walls to protect their people against invaders who threaten the safety and livelihood of the inhabitants. Our Southern border has continued to be invaded by millions of lawbreakers including terrorists, criminals and illegals who create major problems for our prisons, hospitals, schools and for law-abiding citizens regarding traffic and employment. The only practical solution to this crisis is the immediate construction of a secure wall on our Southern border to stop the invasion, as was done recently by Israel. American citizens deserve nothing less. – J.J. King Woodland Hills160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsEncino A comparison Re “State argues for limits on exit exam lawsuit” (May 10): It would be interesting to determine what the attendance records are for the pupils who have not yet passed the high school exit exams and their parents, who claim that their children didn’t have equal educational opportunities, and compare them with those of students who passed. I can only guess. – Gene Goodwein Re “Heavens on earth” (May 10): Like many others who have been deprived for four years of the wonders of Griffith Park Observatory during renovations, I eagerly await its reopening this fall. The Daily News article has whetted my appetite to see all the new and wondrous-sounding exhibits and shows. But I take issue with Mark Pine, deputy executive director of Friends of the Observatory, who is quoted as saying, “It’s not about learning, but an opportunity to be excited, to be inspired.” Given the abysmal ignorance of the general public about things astronomical, I should think that learning would be as an important part of the observatory’s function as excitement and inspiration. I would be surprised if it were not amply provided for. – Michael Leviton last_img

SPANISH-HUNGARIAN CLASSICAL MUSICAL TREAT AT RCC THIS SUNDAY

first_imgTHE Regional Cultural Centre in Letterkenny is the place to be this Sunday for the SPANISH-HUNGARIAN Piano Trio concerts – the Szabó-Yélamo String Duo with Alberto Martín Díaz, piano.Playing music by Turina, Bartók, De Falla and Haydn, the show begins at 3pm sharp.Alberto Martín Díaz is an award-winning Spanish pianist. The Szabó-Yélamo String Duo was founded in 2006. The wife and husband duo is comprised of the Hungarian violinist Orsolya Szabó-Yélamo and the Spanish cellist Víctor Yélamo.Both are professional musicians and principal members of the Spanish String Orchestra Concerto Málaga, and are extensively involved in music education across the Northwest of Ireland. They play instruments made by Károly Péteri and bows by Paolo Pamiro.Alberto Martín Díaz, Vélez-Málaga (Spain), has won the “City of Albacete”, “Manuel de Falla”- JJMM Granada and Musical Foundation of Malaga prizes, as well as the Conservatorio of Málaga special prize. He studied in Málaga’s Conservatorio of Music, in the Queen Sofia School of Music Madrid and the Franz List Academy Budapest. His teachers include Galina Eguiazarova and András Kelemen. Alberto appears regularly as piano accompanist, soloist and chamber musician all across Spain, playing in venues such as Cervantes Theatre (Málaga), Palace of Marqués de Salamanca and the Auditorium Sony (Madrid). Currently he works in the Conservatorio Fortea in Madrid.Presented by the Donegal Chamber Music Society in association with the Regional Cultural Centre.   SPANISH-HUNGARIAN CLASSICAL MUSICAL TREAT AT RCC THIS SUNDAY was last modified: October 13th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:SPANISH-HUNGARIAN MUSICAL TREAT AT RCC THIS SUNDAYlast_img read more

THE PERFECT CHRISTMAS GIFT FOR LOVED ONES ABROAD – DONEGAL GAA CALENDAR ON SALE ONLINE

first_imgFollowing requests from Donegal GAA fans worldwide, the GAA in the county today launched an online chance to buy one of its All Ireland winning calendars.Featuring superb pictures of Donegal’s run to the Sam Maguire, the calendar is also available at newsagents around Donegal for €9.99.It is also available at official Donegal GAA sponsors Evolve Menswear and Brian McCormick Sports. Grace Boyle from the County Board told us: “They are proving very popular stocking fillers.“We’ve had requests from abroad as well from all four corners of the globe so it can now be bought on the county website using PayPal.”Click on this link to buy one:http://www.donegalgaa.ie/news/205029/l_o_l_l_d_o_l_o  THE PERFECT CHRISTMAS GIFT FOR LOVED ONES ABROAD – DONEGAL GAA CALENDAR ON SALE ONLINE was last modified: December 4th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:THE PERFECT CHRISTMAS GIFT FOR LOVED ONE ABROAD – DONEGAL GAA CALENDAR ON SALE ONLINElast_img read more

South African, Dutch cities renew bond

first_imgNomonde Mda, head of Nompumelelo HighSchool in Duncan Village, is surroundedby Dutch teachers from Leiden, part ofan information exchange programme thatsaw the Dutch visitors accompanyingtheir South African counterparts on visitsto the poorer schools of Buffalo City.(Image: Shamin Chibba)MEDIA CONTACTS • Samkelo NgwenyaCommunications officer, Buffalo City+27 82 653 3593 or +27 43 705 1749RELATED ARTICLES• South Africa, Brazil cement ties• Teacher laptops to enhance education• SA, Angola strengthen ties• SA, China trade ties to strengthenShamin ChibbaRelationships between cities can be complex affairs, but Buffalo City Municipality (BCM) in the Eastern Cape seems to have handled its bond with the Dutch city of Leiden with consummate ease.Representatives from both cities were present at the BCM mayoral office towards the end of 2010 to sign an agreement that would extend their relationship another five years, taking it to an accumulated 17 years in partnership.Underlining this relationship is the law of give and take and this was emphasised by the deputy mayor of Leiden, Frank de Wit, who was one of the signatories. Even though the Dutch have been assisting BCM with major developmental projects over the past 12 years, he believes the relationship has been mutually beneficial.“We have gained inspiration and education from this city. With the student exchange, Leiden students have been able to grow.”De Wit stressed the need for both cities to continue learning through this bond. “One of the goals is to learn from each other’s cultures. We must listen to each other.”He stated that the objectives for the next five years would not change.“This renewal is an extension of the memorandum of understanding. We are going to start new projects but it is up to Buffalo City to decide which challenges to address,” said De Wit.He noted that with the new Dutch government in place, relations with developing countries could become less intensive. However, Leiden’s involvement with Buffalo City would not dissipate.“The Dutch government is not in favour of supporting developing countries, but we cannot leave it.”The local chairperson of the Leiden platform, Dinesh Vallabh, was excited about the agreement, since it would continue to uplift the underprivileged.“These projects are helping the poorest of the poor in the city. This is service delivery at its best,” he said.BCM’s acting municipal manager, Andile Fani, also signed the agreement. He was optimistic about having Leiden on the city’s side during the 2011 transformation from a municipality into a metropolitan area.“I am looking forward to this initiative. Seeing that Buffalo City Municipality is going to be a metro this will go a long way.”Developmental projects in Buffalo CityLeiden’s involvement with South Africa began in the 1970s when the city, along with the Dutch capital of Amsterdam, campaigned for the abolishment of apartheid. When the system was finally scrapped, each Dutch city was told to form relationships with municipalities here. Leiden was paired with Buffalo City and began relations in 1998.Twelve years later, Leiden’s bond with the city has deepened. In 2010 alone, Leiden has assisted the municipality with major development projects involving student exchange programmes, HIV/Aids, storm water drainage and solid waste management.It started in June when Leiden officials contributed to the transformation of a dangerous floodplain, which killed six people in 2002 in the township of Duncan Village, into a habitable area for its residences. They donated R1-million (US$146 000) to the cause.Acting Mayor Sizwe Dikimolo said changes were evident in the township and that further improvements could be made if residents cooperated with the municipality.The Dutch continued their work when, in August, a group of Leiden learners, part of the Keys for Kids programme, converted a shed into a girls’ unit at House on the Rock, a childcare centre.The project is an educational three-week excursion that brings a number of Dutch adolescents each year to partake in various developmental activities in the country, and learn about South African culture at the same time.In October, 14 educators from various institutes in Leiden visited the city in an information exchange programme. Dutch teachers were paired with their South African counterparts and spent one week visiting poorer schools in Buffalo City. They learned about the techniques local educators employ when managing classrooms of over 50 learners, something that is unheard of in the Netherlands.Vallabh believed that for some learners it would have been the first time they met a foreign national, and this would help expand their horizons.“Our learners need to know of the world around them. They need to be shown a new way of life, which is an education in itself,” he said.The educators who attended the programme had to pay their own air fares. “It just shows they want to add value to this trip,” added Vallabh.last_img read more

Selling straddles

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCThe biggest news of last week was when Agriculture Secretary Perdue announced that China agreed to buy 10 million metric tons (about 400 million bushels) of beans Friday afternoon from the Oval office after the markets closed. Earlier in the week President Trump said China would also buy more corn too. While both statements seem positive, the market has already heard rumors and predictions before, only to be let down by smaller numbers due to a variety of reasons. It will take follow through and actual purchases to get the market excited.March corn closed again for the 13th straight Friday within the tight trading range of $3.74 to $3.85. Market actionWith corn trading within a very tight range the last 3 months, including straddle trades in my grain marketing plan was a good decision for my farm operation. Since late November, I placed three straddle trades that all expired on Friday that helped me generate 13.5 cents of profit on 30% of my corn production. Details of each trade are shown below. Straddle trade 1On 11/19/18 when March corn was around $3.75, I sold a March $3.80 straddle (selling both a put and call) and collected just over 23 cents total on 10% of my 2018 productionWhat does this mean?If March corn is $3.80 on 2/22/19, I keep all of the 23 centsFor every penny corn is below $3.80 I get less premium penny for penny until $3.57.For every penny higher than $3.80 I get less premium penny for penny until $4.03At $4.03 or higher I have to make a corn sale at $3.80 against March futures, but I still get to keep the 23 cents, so it’s like selling $4.03At $3.57 or lower I have to take a loss on this trade penny for penny below $3.57. My trade thoughts and rationale when placing the trade on 11/19/18This trade is most profitable in a sideways market, which I think is the most likely scenario right now. March futures have not exceeded $3.95 since Mid-August, so I would be happy if prices rallied and I was forced to make a sale above $4. Historically the market doesn’t trade lower in late February than the previous November, so I think a big price drop is really unlikely. If the market stays sideways, I collect more money than doing nothing, or even making a sale today. What happened?With futures around $3.77 on Friday, I bought back the put portion of the straddle for 4 cents after commissions. The call option expired worthless, so I made a net profit of 19 cents on this trade that I will add to a later sale. Straddle trade 2On 12/17/18 when March corn was around $3.85, I sold a March $3.80 straddle (selling both a put and call) and collected just over 19 cents total on 10% of my 2018 production.What Does This Mean?If March corn is $3.80 on 2/22/19, I keep all of the 19 centsFor every penny corn is below $3.80 I get less premium penny for penny until $3.61.For every penny higher than $3.80 I get less premium penny for penny until $3.99At $3.99 or higher I have to make a corn sale at $3.80 against March futures, but I still get to keep the 19 cents, so it’s like selling $3.99At $3.61 or lower I have to take a loss on this trade penny for penny below $3.61. My Trade Thoughts and rationale when placing the trade on 12/17/18This trade is most profitable in a sideways market, which I think is the most likely scenario right now. If corn rallies, I’ll be happy selling for $3.99. On the flip side, I think downside risk is minimal. End users recently have been buyers below $3.75. Usually once harvest is over and grain is stored, there is a modest price recovery in the first part of the year. What happened?Similar to the trade above, I bought back the put on Friday for 4 cents, leaving me with a 15-cent profit that I’ll add to a later trade. Again, I’m ahead using this trade strategy over almost any other trading scenario during this time period. Saddle trade 3 On 1/25/19 when March corn was around $3.79, I sold a March $3.80 straddle (selling both a put and call) and collected just over 12 cents total on 10% of my 2018 production.What does this mean?If March corn is $3.80 on 2/22/19, I keep all of the 12 centsFor every penny corn is below $3.80 I get less premium penny for penny until $3.68.For every penny higher than $3.80 I get less premium penny for penny until $3.92At $3.92 or higher I have to make a corn sale at $3.80 against March futures, but I still get to keep the 12 cents, so it’s like selling $3.92At $3.68 or lower I have to take a loss on this trade penny for penny below $3.68. My trade thoughts and rationale when placing the trade on 1/25/19This trade is again most profitable in a sideways market. If the market is range-bound another 4 weeks, I’ll profit similar to the trades above. If the market rallies, I’d be happy to sell at $3.92. The market has rarely dipped below $3.70 in the last 3 months, so I think a significantly price drop is unlikely before the options expire. If the market continues the $3.75-$3.85 range for closes on a Friday, I’ll make at least 7 cents on this trade. What happened?Just like the 2 trades above I bought the puts back for 4 cents and was left with an 8-cent profit I can add to a later trade. This trade too turned out to be the most profitable scenario I could have made in the last 30 days for my position. Final thoughtsLike all farmers, I wish that corn would rally significantly, so I could sell my corn at higher, more-profitable levels. But I don’t know when that’s going to happen again, and I can’t just sit around waiting and hoping. I have corn to sell. In the meantime, I’m happy collecting this added premium detailed above, so that I can try and manufacture profitable prices for my corn. During this long-term sideways market, it brings me peace of mind having trades in place that generate profit, if the market goes nowhere, while I wait for some significant market movement. Please email jon@superiorfeed.com with any questions or to learn more. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results.last_img read more