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| FYI.... and don't expose yourself to risk you don't understand.
I like to write the HTA with an elevator (especially if they will give me flexible delivery) for .04-.05 and then buy the bull call spread. Short call margin is offset by increasing value of long call below it. Makes the margins a lot easier to manage. I also exchanged futures with an elevator once (same as lifting the hedge and selling physical but with no slippage) to get out of the margin requirements. Still had to come up with the cash for the position. "Margin call" are the most feared words in the world to me lol. | |
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Be careful w/ exotic grain marketing contracts
