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NW Iowa | I am fine with the short $9 put, if it goes south of that, I will be ahead of a lot of my competitors. I am open to suggestions, but GrainTrader and yourself say the $9.00 put is a bad thing, so does that mean you are hedging your aph at this level with straight futures, HTA's, or cash sales? The nice thing with spreads is that we know beans can move $2.50 to $3.00 in a given year, which does allow you to buy back the short end of these trades, something that a cash sale does not allow. One short put buyback on one of the sides for say, $.10, changes it to unlimted downside or upside, while still having a floor for net cost of $.10. | |
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Aggresive seller of 2017 New crop Beans????
