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Central Missouri | Sat, first you talk about selling calls and then you say that an old broker told you not to sell options ...... imo the 2 aren't the same and to advise not selling options is to throw the crescent wrench out of the toolbox in favor of a bunch of rusty box ends. Selling put options on say wheat when the price is in the bottom 10% of its new historic range to lock in part of dcp payments is a good strategy with low risk imo. To capture volatility after a rally in a downtrend by selling calls against storage can be very profitable.
Now if you are doing some of the new commercial grain companies contracts and you don't understand them nor understand how to mitigate risk if they go against you; that is a totally different story. jmo's | |
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The 2016 Dice
