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Ottawa Canada | On July 11, I was ready to buy 2 Dec corn 3.80 puts for .09 (futures around $4.14-15,dialed broker then had to hang up and in the end never got it done. I was just looking to protect some unpriced new crop bushels.
Today I look back and think-yes that would have been nice
worth .17 so .08 profit (- commission of course)
Then I look and think why options at all?
Short futures at $4.15,now $3.89 so .26 in profit...almost 3 times as much!
If the price had of gone up,that would have been fine as I'm long in the field. My fear of margin calls has hurt my marketing many times but I'm working on it.
Anyone else feel you have to sell options or only trade futures to really make a solid hedge? | |
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Options vs futures
