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Buxton ND | Bob up here anyways most of the local Co-op will help you with this. If you want to re-own on paper you can buy a futures position or option thru them. You have someone right there to help you walk you thru it. You are still responsible for margin calls if the it goes lower.
If you sell the cash one day, buy the futures or options the SAME DAY, DO NOT sell the cash and let the market rally .40-.50 then re-own it.
This has been floating around NAT on commercial stored corn is, sell the cash, buy a May calls for .20-.25 YES your spending the money on calls,,, if you store til spring your spending the money anyways on storage costs. You can either pay Paul or pay Peter, but your still in the game being long.
A May $4.00 call is trading @ .21-.22 as I type
As options have been the last years (high priced) .21 for a call that's ONLY .06 out of money is pretty dam cheap. CHEAP or CHEAPER then commercial storage. | |
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I need a lesson in marketing.
