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Reowenership
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Clay SEIA
Posted 2/28/2024 23:17 (#10644669 - in reply to #10642655)
Subject: RE: Reowenership



Alright, consider this.   If you are willing to put new crop sales in place.   Haul the beans, cash the check, buy a July call at a strike price near the money so you move basically 1:1 on a potential rally, sell calls in the 2024 crop at something like a $12.40-12.60 strike price.  You will have ownership of 2023 crop after the bins are swept, and have an offer in place that converts to a hedge of new crop at a price that doesn't suck if it executes. and have not very much monies out of your pocket to implement the position.   

If I gave better free advice, I would have told you to sell everything the day you parked you combine last fall. 

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