Thanks, I've printed both...hanging t be read dailey.

Jeff,
That is so awesome!! Haven't finished reading it yet, but wanted to drop you a line to say congratulations! Was this the interview/writing offer that you have made reference to recently?

Awesome stuff!

DrDirt,

Do you teach geology or geotechnical engineering? Otherwise, why do you have that name tag?

Jeff,
Great article. Kudos!
DEES

Jeff,
A question that's been bugging me for a while.
How do you calculate IV from scratch? When looking at an option I can get the IV thats been priced in by the MM. I can then decide if it's relatively high or low etc. Where did the MM get the IV number from? In other words if I wanted to sell an option and didn't have the market data, how would I calculate IV?

DEES no....real estate lawyer....and I've rehabbed a couple houses and 'problem' vacant land sites.

A couple of quick questions to any interested parties.Do you find youself generally entering bullish positions at the end of bearish days and visa versa or is there little corelation?Another quicky:Should more credence be paid to horiz support and resistance v diagonal?Don't know if these have been addressed but was unsure how to look it up but I did give it a shot.Thanks to all.

Is there a way on TOS charts to get historic volatility overlayed on implied volatility?

Great content and well written. A bunch of your greatest hits in one article. Very nicely done!!

Nate, Drdirt,
Farmers also usually try to manage lots of risk by diversifying. Those who add the livestock component are now trying to finish cattle or other livestock with more than $5.00 a bushel corn. They're losing about $200 to $200 dollars PER HEAD. The little guys are always trying to squeak by.

Lori
Thanks, I seem to recall reading about guys bring beef to avoid the feed bills.
Is beef getting cheaper?

<disclaimer> have got some farmland in Nebraska, but considering selling . . . soon. Can't count on ethanol (most of the new facilities going in our area are corn-based but have the capacity to switch to cellulosics), and seems that land prices are unsustainable at their current levels.
Lori

Dirt,

Interesting background I've looked into flipping houses. My mom is a realtor, but haven't gotten around to buying and renovating yet.
I still don't get the name, but it is a good conversation starter.

DEES

great article, another one for the trading bible. Thanks Jeff

DrDirt,
I think the live cattle market is down, but I don't think that's showing up in the grocery store . .at least yet. Pork prices, however, are very low (which is driving out the independent producer).

DrDirt . .we own land but don't farm, so I'm not 100% up on all the info

And thanks Jeff for the article and sorry for babbling off-topic. I'm reading now.
Lori

Lori....very cool..thanks for the input

DEES
Its just silly stuff...only real men wear pink or call themselves dirt kinda thing.
House flippin was fun...lawyers always look for other stuff to get into.

Jeff, very good piece. Enjoyable late night reading

Jeff or OA's,

ESRX

Hasn't been on your list for awhile, it's been consolidating. Did it just set up for another trip to the downside? Turning down from resistance.

Great article Jeff...printed it to highlight and re-read several times....

Thanks!

Linda

I hope the Cramer pop works some magic tomorrow on DE. Hopefully he didn't call another top like he is pretty good at.

LisaG,

No, this article was just an extra.

I have a new column coming out this month in Equities magazine. It will be a monthly column. Should be pretty exciting, and ought to spice up their content.

Jeff,
That's great! Congrats. Already signed up for my subscription. Looking forward to it!

Jeff-
Awesome! I will say it once again. I feel lucky to have have found the holy grail of options trading....OA-Jeff Kohler!

Thanks man!

Congrats on the new gig.

Jeff,
I just printed your article to re-read many times. It will be an important learning tool for many of us. I can't thank you enough for ALL that you do for us even though you probably will never know the true extent. I owe my continued trading to you.
Thanks for keeping me going.

Vandy 72 UT 69 Final. #1 for 28 hrs!

Jeff, excited to hear about Equities magazine. I'll have to check it out. Congrats! I enjoyed this article and actually learned something that I didn't know about ivol. Thank you!

Jeff

Great article. And I loved "And I Quote". I need to work on some of those things.

Jeff, outstanding article. You last post "And I Quote ..." could have been written about me specifically. So much to learn - thanks for being there to provide the lessons.

Jeff
Congrats on the Equities monthly accolade, The coach in you is so very attractive. And thanks for what you do here.

Congratulations Jeff on the column. Keep up the good work.
DEES

Wheat is tanking this morning.<Wednesday 27> DBA may fall

Jeff,

What I love about your writing style is it that it is clear you are concerned more about the content than making yourself just "look smart". Many people can right to make themselves look smart but not deliver any content people can apply. Quite the opposite in your writing.

You really need to put writing a book on your Bucket List. You're a natural.
Kim

Jym,

Yes, I do find myself entering bearish positions on bullish days and the opposite. This is what Jeff discusses about buying into weakness and selling into strength. Being the contrarian is where your big money can be made. Of course, the technical analysis has to be there to confirm an entry.

As far as diagonal versus horizontal trendlines I have found equal success in both. My favorite, though, is when you get a play at both a horizontal and diagonal intersection. I love two-fer's!

Hope this helps. Kim

Everyone,

Cramer predicting sell off in all DE POT MON MOS for next few days due to this news event:
Just today, Cargill, a big industrial agricultural company suspended plans to build a $200-million ethanol plant, and the ag stocks went down all day, despite oil going up... That's an important disconnect we haven't seen.

Any comments?

Sue

And I quote (from myself)..."Many people can RIGHT to make themselves look smart"

Apparently I am not included in the many on that one...write...I meant write. Duh...

What do we think of the futures this morning?

YM -80
NQ -16.25 (lower than yesterday's open)

Berkshire

USG puts today ?

Sue,

So far all the fertilizer producers are down $2-$3.

Just to note.

Berkshire

I'm all cash......and staying that way for a bit...
I'm a simple man...this is beyond my limitations.

Dr Dirt,

Patterns have been confirming all over the place this week. Do you not like to trade patterns?

Jeff;
Great Article!

It has always been my experience that the instructors who really know their stuff can explain complex concepts in easy to understand terms. You have this ability in spades.

When is your first book coming out? I want a signed advance copy!

Sam H

Sue G
Thanks for the heads up - adjusted stops DBA, DE and Pot.
Tom in SC

BCR If you traded the triangle yesterday take a look at the volume today already on this downward move. Somethings going on...

Kim,
If you're looking for a two-fer check out ALB (from the watch list).

ABX appears to be breaking out of triangle pattern. Buying calls with a short term price target of $55.

Loving STP puts here, re test on the gap......

Okay, I'm on a roll today, folks. Not in a good way, though. Forget the volume on BCR. My Prophet charts was indicating yesterday's candle and volume as if it was today's.