|
SW Ohio | So it starts in a year in advance with straddles.
You set your highs and lows. For me, I was selling 4.20 puts and 4.80 calls. If it goes up, you buy back puts. Goes down, buy back calls. Jump back in and out. Leg in and leg out.
It requires buying puts. If you time them well it really makes this strat fun. I was weak on getting enough calls sold.
I timed buying puts well. Why 3? 1 to floor the physical in the bin, 1 to spec and one to cover a sold put.
It's the repeated in and out of original sold put part of the straddle that pays for all the puts bought. It also stops me from buying calls, which is when you have enough sold puts ( soybean above)
| |
|
Soybean chart
