Optionsellers.com

Good afternoon, this is James Cordier of OptionSellers.com with a market update for January 13th. Well, welcome to 2017. This January, and most January’s in the past, has kicked off investing by normally looking at some of the most favorable seasonal positions that we get coming down the pipe the entire year. This January, we have three of our most favorite seasonal trades coming up. One is going short wheat. The USDA this past week noted that world-ending stocks for wheat are at all-time highs, making a large rally going against some of our short call positions seem quite unlikely. Coffee supplies in New York are at 10-year highs, making a 60-70% rally against those fundamentals very unlikely, so we will be selling calls in coffee in the coming 30 days. One of the positions that should work very well the next 3-4 months is long soybeans. The seasonality of soybeans to start rallying at the end of January until April and May seem quite high. This year, right now with the protein demands, especially out of