Posted 11/23/2015 15:47 (#4915111 - in reply to #4915037) Subject: RE: Sell out of bin and buy futures to lock in basis.....tax implications
iafarmerken - 11/23/2015 14:43
429 - 11/23/2015 12:03
Why not a basis contract,if you are buying back anyway at least you wouldnt have margin calls.
Didn't know there was a margin on buying a future contract.
If you set up a futures account and went long(bought) say 10 March contracts you would be required to have say 15000 dollars( not sure on exact amount) in your account. If the market goes down say 10 cents and all you have is the initial 15k in there you will be getting an email or call from your broker saying he needs another 5k to maintain position. That is a margin call. Might be best to try a focal point contract first to get the gist of it.
Sell out of bin and buy futures to lock in basis.....tax implications
