Sell, Mortimer, Sell!
A dream of every 'Gen X' macro tourist - the 🐿️’s debut trade in frozen OJ.
Summary
Last week the 🐿️ fulfilled the lifelong ambition of any macro tourist and went short frozen concentrated orange juice futures (FCOJ).
The market is pricing a repeat of 2022 when hurricane damage decimated South Florida citrus production. We are taking the other side with an asymmetric setup in FCOJ put options.
Sell, Mortimer, Sell!
The 🐿️ knows …