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Callao Missouri | Would it be a good idea to buy and out of the money call on already contracted beans for Dec delivery? I currently happy with my price targets but this market could get legs some time this summer. On Friday at the close a $12 nov call would have cost .13c If the market is down this week because of good planting conditions & forecast those premiums are goanna get cheaper and or closer to the money for same cost.
I'm only wanting to protect my sold bu from a massive increase in price. If beans stay in this range and the call expires worthless we can call that insurance premium lol
Thoughts? Thanks | |
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Buying and out of the money call on already contracted 18 crop
