Tango: Thanks for the information and thoughts. I have been pondering exactly the same.....that the selling might be related to year end bookkeeping. I will watch the market for a few days now before rolling my options from Feb. into March. Fortunately, orange juice has rallied a little and has offset some of my coffee calls loss. I find it hard to get any news on the condition of the orange crop but I do hold the opinion that weather events that have hurt coffee must have also hurt the oranges, no?