I have been very slow compared to normal as far as getting my 2017 crop priced. I would try to get to 50% sold at $4.00 and plan to buy out of the money calls back to protect those sales before the end of March. I don't think there is any reason for a big rally without a weather scare so I think we might as well let some of the time value come out of the calls before I get too excited to buy them. If we have a good weather market next summer there will be the 2018 crop to start pricing and the calls will work good then too. I am concerned about a new administration and what might happen. I would have been concerned no matter who won the election so that isn't meant to be a blast against Trump. |