400% move on those JO 32 xmas calls Coffee and JO swinging lower - Brazil's a mess and the Real is weakening - coffee maintains a weak relationship w/ the currency. Commodity ETF (ETN) options are generally thin in back-months, but I maintain that they ARE worth a look. Fwiw, I do much of my short-term trading in retirement accounts, as it makes sense to me. My biggest 'trades' in taxable accounts are futures & index options, as they are tax-advantaged.