Posted 5/15/2019 08:46 (#7498253 - in reply to #7498243) Subject: RE: How do you decide what to do with calls?
I know why I made the decision. I was way in the money with my short Dec 19 and some in the money with my short Dec 20 futures position but I was acknowledging the risk of a major weather problem and didn't want it to be extremely painful in terms of margin calls if we had unprecedented prevent plant levels.
I honestly think this really will be enough of a carrot to get the crop planted even if it is early June and I think the market will not care that it's planted late. The market will only care if it's not planted so I think we crash mid June.