Coffee: Recovering Colombian Production Could Boost Call Sellers

James Cordier submits:For much of the past 10 years, I have been a perpetual Coffee bear. Massive increases in Brazilian acreage, the emergence of Vietnam as a Coffee growing powerhouse, the migration of coffee trees out of freeze prone areas – all have kept the supply/demand balance mostly in favor of the bears for much of the decade.

Brazilian supply still months away, near term tightness should support.

Andrew Wilkinson submits: Boston Scientific Corp. (BSX) – Shares of the manufacturer of medical devices suffered an 18.50% decline in value today to arrive at a new 52-week low of $6.34 after the firm halted sales of its implantable heart defibrillator.

Andrew Wilkinson submits: Pfizer, Inc. (PFE) – Long-term options activity on the pharmaceutical giant indicates some strategists expect shares in Pfizer to remain range-bound through June 2011 expiration. It looks like investors initiated both short strangles and straddles in the first half of the session to take in available premium.

James Cordier submits:As evidenced in "The Complete Guide to Option Selling" (McGraw-Hill 2009), we are big advocates of trading with the trend when possible. We are bigger advocates of trading with a fundamentally supported trend.

Andrew Wilkinson submits: Hartford Financial Services Group, Inc. (HIG) – Options traders are placing bullish bets on the insurer this morning in order to prepare for the price of the underlying stock to continue higher over the next several months. HIG’s shares are currently up 3.6% to stand at $23.06 as of 11:30 am in New York.

James Cordier submits:Concern over global currency markets and a continued voracious Chinese demand for raw materials has steadily driven silver prices higher over the past month.Volatility in silver call options, however, has not kept pace.

Andrew Wilkinson submits: Jones Apparel Group, Inc. (JNY) – One long-term optimistic investor initiated a three-legged bullish options combination play on Jones Apparel Group today to position for a significant rally in the price of the underlying shares by expiration in February.