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| lifetime high for CZ13 corn futures were $6.65 so unless somone was getting a basis of +35 over we have not been to $7.00 and by rights the actual cash price would need to be figured in to the equation. On 9/5/12 CZ13 was at $6.57. I know that much and 20% is sold there with a 670/770 call spread done at 30 cents. 590 puts done on the balance. with basis the HTA will come in around $6.00 and long call options may expire worthless but that is ok. By using the calls the sale was made. Damn options never work... | |
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Market is depressing!!! Not looking anymore!!!
