Added more Corn calls at 78.6% Fib

Corn Sep 4.25 Call purchase triggered yesterday when futures price hit both the 76.4% and 78.6% Fib levels. Looks like it may be starting to bounce. Will be interesting to see what happens by the close today.

76.4 is popular but not an actual Fib. For more on this, Google "76.4% vs 78.6% Fibonacci".

Corn dropping further before expected pop.

Sep Corn has dropped below the 50% Fib as well as the 61.8% Fib. Entered order to buy more of the same options if corn drops down to between 374 to 371, which is near the 76.4 and 78.6 Fib levels as well as possible support at previous swing highs (resistance) in May and June.

Corn looks ready for a little pop

Sep Corn Futures ZC at 200 SMA and 50% Fib of previous rise on very low stochastics. Got 25% Delta Sep options: 4.25 Call for 5 1/2 ($275). If it continues down to 61.8% Fib I'll add a lower strike Calls.