Posted 7/18/2012 12:44 (#2492473 - in reply to #2492453) Subject: RE: taulk of put options
North Central Iowa
Just think of a put like price insurance. If you buy a put and the price goes down you make money, if it goes up above your strike price at expiration you lose your premium you paid. You don't need any grain to buy a put option, just cash to pay the premium up front.