South Central Iowa | Read your $5.50 corn calls as soybean calls, which is why I said deep in the money. Thought when you said it was being optimistic, you were being ironic. Some people like playing out of the money puts and calls because they can buy a lot. I have tried it before and they really don't return that well, at least in the markets we have had for the past several years. Buy $2.00 out calls on soys for 4c, three months later, it moves up $1.00 and you are at 5c with only a month to expiration. You wait for a thrust higher, and then they expire worthless. |