Teenager caught speeding in crowded area on St Patrick’s Day

first_imgA teenager has been warned he must complete the prosocial driver’s course if he stands any chance of keeping his licence, a Judge has warned.Owen Kelly, 18, of Lower Illies, Buncrana, was charged with dangerous driving at the Cockhill Road on March 18, last, when he appeared before Buncrana District Court. He pleaded guilty to dangerous driving, a conviction for which would lead to an automatic driving ban, in Buncrana Court last Thursday.However, after hearing evidence Judge Paul Kelly said he would give Kelly an opportunity to keep his licence by completing the prosocial drivers course before the next District Court sitting.Garda Inspector Seamus McGonigle told the court that Gardaí were on routine patrol in Buncrana Town on St. Patrick’s Night when they saw a red Skoda car driving at speed.He said there were a large number of people and pedestrians in the town for St. Patrick’s Night so the Gardaí followed the car onto the Cockhill Road.“The guards failed to indicate Mr. Kelly’s speed but they say that they were travelling at 100km per hour in the 50km per hour zone and they failed to keep up with him,” Insp. McGonigle told the court.However when Mr. Kelly got stuck behind traffic further up the Cockhill Road the Gardaí were able to stop him.“He said he was unaware of the speed limit in that area and could not give a reason for his speed,” the Garda Inspector said.Defence solicitor Frank Dorrian said there was no element of a chase involved as his young client was unaware the guards were behind him.“He did accelerate on the Cockhill Road as the road was clear but he didn’t try to overtake anyone,” Mr. Dorrian said.“He is very young and I know the Sergeant was worried that there were a lot of people about on St. Patrick’s Night but he wasn’t trying to show off or anything.”Mr. Dorrian said Kelly was ‘very polite to the Gardaí’ and admitted he didn’t know that he was driving in a 50km per hour zone.The defence solicitor said his client had previously worked on a farm in rural Australia and hoped to return as soon as possible as there are no employment opportunities for him in Inishowen.Judge Kelly told the court that there is a prosocial driving course this month in Donegal Town and if Mr. Kelly completed this, and paid €200 towards the cost of the course he would reduce the charge from dangerous to careless driving and allow the Buncrana man to keep his licence.He remanded the case until June 13, excusing the Buncrana man on the next occasion if he had returned to Australia, on the basis that he completed the prosocial course.Teenager caught speeding in crowded area on St Patrick’s Day was last modified: May 15th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Half-time: Maribor 0 Chelsea 0

first_imgDidier Drogba and Kurt Zouma went close for Chelsea in the opening stages in Slovenia, where a victory would clinch the Blues’ place in the knockout stage of the Champions League with two games to spare.Zouma headed over from Cesc Fabregas’ cross and Drogba’s deflected shot was well saved by keeper Jasmin Handanovic.Having weathered some early pressure, Maribor, recently thrashed 6-0 at Stamford Bridge, had a decent spell and striker Tavares squandered a chance when he elected to pass rather than shoot after going past John Terry.But Chelsea regained the initiative and Andre Schurrle’s blushes were spared by an offside flag after the German contrived to miss from three yards out after being found by Willian.Schurrle did better with a well struck effort that went narrowly wide, while Drogba saw a free-kick saved by Handanovic, who also pushed away a shot from Eden Hazard.Drogba and defender Zouma were both given starting places for the Group G clash. Diego Costa and Gary Cahill are among the Chelsea substitutes, as is the fit-again Ramires.Chelsea: Cech; Ivanovic, Zouma, Terry, Filipe Luis; Matic, Fabregas; Schurrle, Willian, Hazard; Drogba. Subs: Courtois, Cahill, Azpilicueta, Ramires, Oscar, Salah, Costa.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Selling calls and straddles to try and create opportunity

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCNothing concrete happened during the Trump Xi meeting, so the market continues to trade sideways. Since June 15 the March ’19 corn board never closed above $4 and has only closed below $3.60 three times. Past performance is certainly not a guarantee, but it would seem possible that this range could continue for several more months.Right now I only have about 46% of my ’18 corn production priced on futures, so I need to develop a plan to get the rest priced. With corn prices below profitable levels for the foreseeable future, I want to manufacture trades that can help me maximize my profit potential as much as possible, while still minimizing my risk exposure. That’s why I recently did several trades that take advantage of the current sideways market to help me get some extra premium. For me this is a better strategy than waiting around hoping for a rally, because I’m not sure when or if that’s going to happen, and I have corn that needs to be sold.Here is a summary of the trades I placed over the last month and half. For full trade detail and my rationale for making each trade see the section “Trade Details and Rationale” at the bottom.Sold corn call — On 10/2/18 when March corn was near $3.80, I sold a January $3.80 call for 10 cents expiring 12/21/18 on 10% of my ’18 production.Sold straddle 1 — On 10/2/18 when March corn was around $3.77, I sold a January $3.75 straddle (selling both a put and call) and collected just over 23 cents total on 10% of my 2018 production.Sold straddle 2 — On 11/19/18 when March corn was around $3.75, I sold a February $3.70 straddle (selling both a put and call) and collected just over 18 cents total on 10% of my 2018 production.Sold straddle 3 — On 11/19/18 when March corn was around $3.75, I sold a March $3.80 straddle (selling both a put and call) and collected just over 23 cents total on 10% of my 2018 production. The importance of planning for any possible market scenarioThese trades are most profitable in a sideways market, which seems like the most probable outcome right now with what I know today. However, I still make sure I never place a trade unless I’m comfortable with every possible market scenario happening (i.e. up, down or sideways). The following summarizes how I’ll be affected with these trades collectively for any possible market outcome. Market rallies — If March futures would average out being above $3.94 each time the options expire I will have an additional 40% of my production sold for a maximum price of $3.94 against March futures. However this hasn’t happened since mid-August, and with what I know today, I’d be happy with that price and outcome. If all of these options would get hit and I would have another 40% of production priced, it will give me an average price of $4.10 sold against March futures, when I include my other grain marketing strategies I already have in place.Market goes down — Historically it’s not often that March futures decrease through the winter. Still I need to be prepared for everything. Overall, I could lose 11 cents on about 10% of my production if prices fell to $3.50 and I would be down 41 cents on 10%of production if prices are at $3.40 each time the options expire. While this seems unlikely to happen at this point, I will still be watching the market closely and will place protections on these trades quickly to minimize any losses should the market look to head significantly lower. In the event that the market does go down during this time I would not have any additional sales made.Market stays sideways — If March futures are at $3.60 or $3.90 I don’t have to make any sales, but I’ll collect around 29 cents of additional premium on 10% of my production. But, I could collect about 60 cents of premium on 10% of production if the average futures price level is between $3.70 and $3.80 each time the options expire. Either way as long as I’m in the range of $3.60 to $3.90 I will be adding whatever premium I collect to later trades that will hopefully bump me up to profitable levels.These trades allow me to make more money during a sideways market than doing nothing. I have to be comfortable with any market scenario happening, but now I’m less worried about the “when and if” of the next market rally. For me, focusing on a strategic plan for my grain marketing, rather than just hoping for a rally to sell, helps me sleep easier at night.Trade details and rationaleSold corn callOn 10/2/18 when March corn was near $3.80, I sold a January $3.80 call for 10 cents – expiring 12/21/18 on 10% of my ’18 production.What does that mean?If corn is trading below the strike price when this option expires I keep the 10-cent premium and add it to another trade later.If corn is trading above the strike price when this option expires I have to sell corn for the strike price PLUS I keep the premium. This means a price of $3.90 on March futures.On 10/2/18 I still needed to sell some of my remaining ’18 corn, but I didn’t want to sell $3.80 March futures. This trade allowed me to get higher values than are available today. If the market stays sideways, I keep the 10 cent premiums and can make this type of trade again to add even more premium. There isn’t downside protection with this trade, but that isn’t the goal for this trade.Sold straddle Trade 1On 10/2/18 when March corn was around $3.77, I sold a January $3.75 straddle (selling both a put and call) and collected just over 23 cents total on 10% of my 2018 production.What does this mean?If March corn is $3.75 on 12/21/18, I keep all of the 23 centsFor every penny corn is below $3.75 I get less premium penny for penny until $3.52.For every penny higher than $3.75 I get less premium penny for penny until $3.98At $3.98 or higher I have to make a corn sale at $3.75 against March futures, but I still get to keep the 23 cents, so it’s like selling $3.98.At $3.52 or lower I have to take a loss on this trade penny for penny below $3.52.This trade is most profitable in a sideways market, which I think is the most likely scenario right now. If the market does nothing through 12/21/18, I’ll profit similar to the trade above. With what I know today (10/2/18), I’ll be happy to sell corn for $3.98. I’m a little concerned with the downside risk right now but, it’s the middle of harvest and historically once harvest is over, and grain is stored, there is usually a modest price recovery. Sold straddle trade 2On 11/19/18 when March corn was around $3.75, I sold a February $3.70 straddle (selling both a put and call) and collected just over 18 cents total on 10% of my 2018 production.What does this mean?If March corn is $3.70 on 1/25/19, I keep all of the 18 centsFor every penny corn is below $3.70 I get less premium penny for penny until $3.52.For every penny higher than $3.70 I get less premium penny for penny until $3.88At $3.88 or higher I have to make a corn sale at $3.70 against March futures, but I still get to keep the 18 cents, so it’s like selling $3.88.At $3.52 or lower I have to take a loss on this trade penny for penny below $3.52.This trade is again most profitable in a sideways market, which I think is the most likely scenario. If the market is range-bound though the end of January, I’ll profit similar to the trades above. With what I know today I’ll be happy to sell corn for $3.88. With harvest nearly complete I’m less worried about downside risk, plus there is usually a modest price recovery in December. Sold straddle trade 3On 11/19/18 when March corn was around $3.75, I sold a March $3.80 straddle (selling both a put and call) and collected just over 23 cents total on 10% of my 2018 production.What does this mean?If March corn is $3.80 on 2/22/19, I keep all of the 23 centsFor every penny corn is below $3.80 I get less premium penny for penny until $3.57.For every penny higher than $3.80 I get less premium penny for penny until $4.03At $4.03 or higher I have to make a corn sale at $3.80 against March futures, but I still get to keep the 23 cents, so it’s like selling $4.03.At $3.57 or lower I have to take a loss on this trade penny for penny below $3.57.This trade once again is most profitable in a sideways market. If the market continues to be range bound through February, I’ll profit similar to the trades above. Knowing what I know today, I’d be happy selling for $4, especially since it’s higher than the previous two straddles. I’m more concerned with the downside risk at this point than being forced to make a sale above $4. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]last_img read more

Dineshwar Sharma reaches out to J&K parties

first_imgThe Centre’s Special Representative Dineshwar Sharma, who is on a three-day visit to Srinagar to interact with various stakeholders in Jammu and Kashmir (J&K), is reaching out to political parties in the State. He has so far met delegations that were sent invitations for talks by the State government.Mr. Sharma met representatives of the Janata Dal(U), Peoples Democratic Party (PDP) and Lok Jan Shakti Party (LJP) on Tuesday and is expected to meet Congress and CPI(M) representatives on Wednesday.A women’s delegation, the first of its kind, apprised Mr. Sharma of problems faced by women, while another delegation underlined the “urgency to talk to Pakistan and separatists”.The delegates said Mr. Sharma hinted at widening the dialogue to other stakeholders too, hinting at the possible inclusion of Hurriyat leaders. Thirty-six delegations met the Special Representative on Tuesday, including a group calling itself the ‘Rahul Gandhi Fans Association’.Channels blamedMr. Sharma has been tasked by the Centre to initiate and “carry forward a dialogue” with the elected representatives, various organizations and concerned individuals in J&K.Sanjay Saraf, spokesperson of Lok Janshakti Party (LJP) said some news channels were vilifying Kashmiris for TRPs and said this needs to be stopped.“We told the Special Representative that the youth of Kashmir has seen violence for the past 27 years and this needs to stop. The news channels are sending out a wrong message of Kashmir by portraying them in a negative light,” Mr. Saraf said.Abid Jan, president of the State Employees Working Women Association (SEWWA), said she met Mr. Sharma to focus concerns of women affected by the prolonged conflict.Bearing the brunt“We have 35,000 widows, especially in Kupwara. We have a huge chunk of women folk in Kunan Poshpora who are widows. We discussed about rehabilitation of women affected by the conflict,” she said.Calling for peace centres in every district in Kashmir, Ms Jan said they should be “headed by peace officers. Women also need a platform to put forth their view point.”Mushtaq Ahmad Lone, a Srinagar-based transporter who was part of one of the delegations, said prolonged strikes called by separatists had caused huge losses.“We don’t want that our people become militants and pick up guns. A one day strike impacts our business for the next four days, some people are maligning the entire State,” Mr. Lone said.last_img read more

Thousands rally, send Patriots off to 3rd Super Bowl in row

first_imgDon’t miss out on the latest news and information. “We’re not at the end yet,” Brady told a sea of fans that covered the entire field at Gillette Stadium and filled most of one side of the lower seating bowl. “We’ve got one more to go.”The five-time Super Bowl champion then led the crowd in a chant of “We’re still here!” before tossing the microphone aside to more cheers, and the Patriots headed off for buses that will start them on their way to Atlanta. They’ll play the Los Angeles Rams on Sunday seeking their sixth NFL title since the 2001 season.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsA host wearing a sweatshirt reading “New England vs. Everyone” set the tone, taking shots at the previous playoff opponents, Kansas City and the Los Angeles Chargers. Looking out at the crowd, which the team estimated at 35,000, he said, “The Chargers consider this a sellout.”“This is the biggest send-off we’ve ever had,” Belichick said. Read Next SEA Games hosting troubles anger Duterte Private companies step in to help SEA Games hosting Oil plant explodes in Pampanga town James Harden scores 40 in Rockets’ comeback win over Magic Oil plant explodes in Pampanga town View comments US judge bars Trump’s health insurance rule for immigrants ‘We are too hospitable,’ says Sotto amid SEA Games woescenter_img LATEST STORIES New England Patriots fans hold placards and cheer during an NFL football Super Bowl send-off rally for the team, Sunday, Jan. 27, 2019, in Foxborough, Mass. The Los Angeles Rams are to play the Patriots in Super Bowl on Feb. 3, in Atlanta, Ga. (AP Photo/Steven Senne)FOXBOROUGH, Mass. — The New England Patriots have the Super Bowl send-off routine down pat.Break out the “Super Bowl Bound” banner. Queue up the highlight video. Take a few shots at those loser cities that don’t have annual championship pep rallies. And round up the usual suspects: owner Robert Kraft, coach Bill Belichick, quarterback Tom Brady and the rest of the team captains.ADVERTISEMENT MOST READ Lacson backs proposal to elect president and vice president in tandem ADVERTISEMENT Grace Poe files bill to protect govt teachers from malicious accusations PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Brady jerseys were everywhere, and many fans held up signs that were distributed saying that the GOAT — Greatest Of All Time — is better than a Ram. Center David Andrews, who grew up near Atlanta, went to Georgia and wore a Braves cap to the rally, told the crowd, “Can’t wait to see y’all there (and) show them what a real fan base is.”Defensive Back Patrick Chung took a video with the crowd chanting “Beat LA!” in the background. Special teams captain Matthew Slater, whose father played 20 years for the Rams and is a member of the team’s Hall of Fame, said he grew up rooting for the team he will face when he tries for his third Super Bowl victory.“But on Sunday, I don’t know nothing about no Rams,” he said. Sports Related Videospowered by AdSparclast_img read more