JO – coffee outlook for next 6-8 monthsHello fellow investors
what do you think of going long on coffee for the next 6-8 months. I have been watching ETF ”JO” for a while now, it seems it has formed a bottom around 22$. it can easily jump to 30 or even 35 from here. Let me know your thoughts
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Selling to open the JO put options expiring on September 21 at the $21 strike price looks attractive to me. Right now that put option on JO is selling for around $1.20 which translates to about a 24% annualized rate on the potential $21 stock purchase obligation.
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