Optionsellers.com

Good afternoon. This is James Cordier of OptionSellers.com with a market update for May 5th. Coming into 2017, we were slightly over-weighted in precious metals, energies, and short coffee. Both seasonal factors and fundamental factors that we’ve been following, especially a slight weakening out of China, has caused these trades to go quite well for portfolios, so far, in the beginning of 2017. We have a bit of a rotation right now. As you look at your accounts and your positions that we send you once a month, you’re going to notice that our precious metal position has now dwindled because of a great decay on options that we were hoping for. Likewise in crude oil and in coffee. The rotation in May and June is going to be more of a short position in grains. Anyone who has followed seasonal factors that we talk about from time to time, the grain market usually rallies in May and June only to look at plentiful supplies in September and October. Argentina and Brazil are in the process of producing record amou