We’re into hurricane season in the southeast, it could drum up huge upside interest if there are any potential threats to the orange crop there.
Look to purchase OJ call options that trade on the NYBOT/ICE exchange for the January 2010 option expiration period. January 2010 OJ futures (the underlying contract for the option trade) are currently priced around 83 cents per pound. With that in mind, consider the 85 cent calls or higher, which can cost up to $1,500 per contract, depending on where the market is at the time.
Anyone care to comment on this?