Callao Missouri | NMO Redpower - 4/25/2018 19:05
I know I'll get flamed for this, but you're already committed to a strategy. Buying calls a dollar or more out of the money for fall delivery is a long shot, and IMO a waste. Next year, take that call money and build a bin. Grow it, bin it, sell it. There's more money to be made taking advantage of carry and a better basis, if bins let you truck it further that harvest time won't let you do. To each their own.
Thanks, I do grow it, bin it & truck it later. My problem is I have obligations that need to be met at certain times of the year no mater what the price of crop is. Therefore I have to make the markets work for me. I sold at $10+ to meet my obligations because I would not be able to at $8. However if I am ever going to get ahead in this I have to leave the top side open. Thanks |
A new directon
