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To: Chip McVickar who wrote (1723)	5/1/2001 12:43:49 PM
From: Gary Martin	Read Replies (1) \| Respond to of 12410

Chip, Thanks for the weather site info. Sorry it took me so long to get back on SI. I was traveling. From what I've seen, the most traumatic (besides H&M disease) panic hits the US ag markets when the threat of a "ring of fire" from a summer high pressure ridge over the farm belt materializes. Some of the movement this week was from the hint of the summer producing one. Since such an event is rare, only time will tell. It may be worth selling some far otm calls and then buying the underlying as we get closer to pollination time. (Remember, this can be very risky if you are caught by surprise by a rally.) Thanks, Gary