Posted 11/27/2012 15:04 (#2719814 - in reply to #2719476) Subject: RE: All those that bought options on Insurance harvest price
SESD
Worked great and the strategy served it's purpose. Sold some cash and did some HTA's but when things got drier we thought it best to quit selling anymore crop. We covered the balance of our insured bushels that were not sold with $7.80, $8.00 and $8.20 puts and sold $9.00 and $9.40 calls against them. Spread costs were between $.20 and $.30 bushel.