Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
There are no surprises in the May option expiration and nothing to take away from it. There were 11,305 lots of puts that were exercised at strikes of 117.50 and higher. I find it interesting however that approximately 44,000 calls were abandoned and they ranged up to 300.00. Like Bb stated, many cheap lottery tickets were bought. Buy a call and a dream. But besides that it’s a testament to the sentiment of the market that so many calls were purchased.