West KY, Miss River County | I would say yes to Jonas and 1234. Many years where a market shows extreme strength as with jul corn advancing from 421low on 10 Jan, to 485 today would demand a higher price for the call options in Jul and Dec. Historically the +$1 call has demanded $1 premium Similarly with Jul SB advancing from 1248 to 1432 today (almost $2 run up) and Nov going from 1088 to 1186 ($1 rise).
I call attention to this as in recent years during the normal early run-up I have been able to sell calls a dollar over the board for $1 and use this as a foundation for setting later pricing at effectively $2 above current Feb/Mar prices. Attitude of traders is surely different this year. Like they can't believe it's happening and it surely won't continue!
Ed: I had switched a couple of months, believe got them straight this time.
Edited by Ranchhand 3/6/2014 15:12
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