Posted 11/24/2012 18:25 (#2714651 - in reply to #2714339) Subject: Re: Corn Calls?
I've got the same gut feeling so its prob not a good idea. It's just hard to make money on options betting against the direction the market should move. We are still near record highs historically so the market should make a sig downward move if we raise a crop. It's just too early spending money betting on a drought. Markets don't like to move on droughts unless its making a big impact on a growing crop. Bought 6 dollar sept calls last June for a dime. That was a good one! I'd like to have a chance to buy some 6.5-7 for a dime this year but time will have to get closer. I hate betting on a bad crop.