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Help.understanding basis contract.
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Tileman2
Posted 5/6/2021 20:11 (#8991068 - in reply to #8990943)
Subject: RE: Help.understanding basis contract.


NW IN
Free advice...and it might be in contract language that the contract rolls automatically, but go in and ask your merchandiser.

You got really lucky in a very rare occurrence of an inverted market. Your merchandiser will tell you how he/she made you money, but in reality, unless the automatic roll is in the language, they executed a contract on your behalf.

A courtesy call up against option expiration to ask what you want to do is a much better way of doing that kind of business, IMHO.
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