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Options Trading Concepts Live - August 12, 2025 - August WASDE Corn in Focus
Manage episode 499824821 series 68544
Tuesday's WASDE report sent corn futures tumbling as yields came in at 188.8 bushels per acre, significantly above the 184.4 average estimate. Corn prices dropped over 3% following the announcement, though historical data shows post-August WASDE reports typically see prices recover within 21 days. The traders discussed positioning for a potential corn bounce, with Nick Batista entering a diagonal spread buying the October 400 call and selling the September 420 call for about $500. Thomas Westwater noted soybeans fared better with slightly positive numbers despite corn's selloff. Gold and silver remained focal points after recent volatility, with the team establishing neutral-to-bullish positions through iron condors and broke-wing butterflies in the 32-35 range. Markets broadly rallied with S&P futures reaching potential yearly highs while volatility plummeted, with VIX dropping below 15.
1592 episodes
Manage episode 499824821 series 68544
Tuesday's WASDE report sent corn futures tumbling as yields came in at 188.8 bushels per acre, significantly above the 184.4 average estimate. Corn prices dropped over 3% following the announcement, though historical data shows post-August WASDE reports typically see prices recover within 21 days. The traders discussed positioning for a potential corn bounce, with Nick Batista entering a diagonal spread buying the October 400 call and selling the September 420 call for about $500. Thomas Westwater noted soybeans fared better with slightly positive numbers despite corn's selloff. Gold and silver remained focal points after recent volatility, with the team establishing neutral-to-bullish positions through iron condors and broke-wing butterflies in the 32-35 range. Markets broadly rallied with S&P futures reaching potential yearly highs while volatility plummeted, with VIX dropping below 15.
1592 episodes
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