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north central Ohio | Puts look expensive but won’t if this market makes a big swing down. A guy in last week on here asked about selling an in the money put and buying two or three out of the money puts so basically gets you a free bottom on an increased amount of bushels. If markets continue to rise it works very well but costs you some if markets fall to a certain point. I think this market has a shot to rise into mid June to very first of July but if history has proven anything the risk is high and when it turns it generally is fast. I need to do something as these prices are good and way above the insurance guarantee. So what have you guys done on here before to set a floor price and leave upside open that has worked well? Mainly talking new crop. Just going to continue and sell old crop cash. Thanks for any thoughts. | |
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