Coffee traders should sell “grossly overpriced” options on New York futures to take advantage of a recent rally, said James Cordier , a portfolio manager at OptionSellers.com in Tampa, Florida.
Gold volatility slumped to a 44- month low before the Federal Reserve concludes a two-day policy meeting.
Arabica-coffee futures fell the most in seven weeks as speculators and producers stepped up sales. Cocoa also declined.
"People who do not trade commodities bought gold and silver because they thought we were going to have hyper-inflation, and that did not happen."
- James Cordier on Nov 12, 2014