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| some of the producers i have seen do the best in the past years have done almost nothing but sell calls. 'worst case' they were basically short at 5.00, 4.50, 6.00, or heaven forbid 7.00 in 08. The market doesnt even need to contunially move, just throw some volatility into it, and sell the heck out of it. This spring we have been lucky enough to be short tons and tons of calls. (mixed in with quite a few long 4.20-4.40 puts) and our guys are in pretty good shape.
The eternal optimist mindset of farmers is one that needs to be 'self-realized' (if thats a term) and they need to proactively combat it. The market will always give them opportunities to sell, the seperation of emotion is the biggest hurdle for 99% of producers. | |
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Where`s the chatter gang ?
