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Veteran Advisor
Shaggy98
Posts: 3,428
Registered: ‎06-19-2011
0

Put Protection

I had a post a few weeks ago about all you guy's thoughts about lifting my puts on wheat and corn.  I was almost laughed at and was told to lift them and take the money and run.  I haven't taken the time to page back and see who all advised me, but it's a good thing we are all friends.:smileyvery-happy:  Any additional marketing advice?

Advisor
c-x-1
Posts: 2,913
Registered: ‎06-26-2012
0

Re: Put Protection

[ Edited ]

....Time to buy calls, right? -------10:40 am - Hope you got some good prices!!!

Jerrrod Kitt from Linn was talking (CME pre-report briefing) risk (bullish surprise) to upside in wheat b/c US is lowest priced in world, shortage in FSU. He even implied he thought price was "low."

 

   Corn: from yest.

The Dec chart has not broken any up-trendlines yet...560-555 is a wkly support area. any that use options for hedging...this is a time to be thinking calls either for protection if one needs to lock in physical, or just a play.  i'm betting support holds now ---it's only Feb 7.

 

   c-x-1

Senior Contributor
425Cat
Posts: 1,182
Registered: ‎05-14-2010
0

Re: Put Protection

Actualy if I remember right if you would have bailed when we suggested you could have then bought em again on this latest rally and been a little further ahead . Oh well, its only money

Veteran Advisor
Shaggy98
Posts: 3,428
Registered: ‎06-19-2011
0

Re: Put Protection

Way ahead of you 425.:smileywink:

Senior Contributor
425Cat
Posts: 1,182
Registered: ‎05-14-2010
0

Re: Put Protection

So tell us what you did and how it worked out??

Veteran Advisor
Shaggy98
Posts: 3,428
Registered: ‎06-19-2011
0

Re: Put Protection

My info only 425.  No one else needs to know.  Already some on the site bragging about their own success.  I'm not going there.

Senior Contributor
425Cat
Posts: 1,182
Registered: ‎05-14-2010
0

Re: Put Protection

Fair enough