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Northern ill | Or buy a $6.60 dec call for $0.80 and sell a $8.00 dec call for $0.36. It would be a net cost of $2200 + 2 commisions per contract. Maximum profit of $4800 - commissions. It must be held until expiration to reach the maximum, but can be offset at any time before that. If per chance dec corn approaches $8.00 and your still bullish, you can roll it up to a higher bull corn spread but the must you can lose is the first $2200. | |
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Speculating corn
