Posted 8/25/2015 20:20 (#4753063 - in reply to #4752975) Subject: RE: Put question from a greenhorn
If the put is in the money at expiration you will go short one October future at $152. That will give you your until you price your cattle. You will give up any time value you have in the put by holding it till expiration, you might be better off taking the profit on your put now and selling the board or rolling your put down to a lower strike price.