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425Cat
Advisor

call strategy took expensive

Hedged some beans last week at 11.85. Nov. Was looking to cover with long calls on this break but im going to pass .in the money j ulys are .50 some cents and in the money nov 60 some. Was going to lift the hedge on the break however the nov never broke that hard. I guess i take 11.85 and call it a day.
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425Cat
Advisor

Re: call strategy took expensive

Just got thinking again. What if I sold an out of the money call to help finance the long call. The Id have to margin the thing as the market moved higher setting a cap on the increase. What you guys think

How about this? buy a july in the money call case the nearby blows up again sell a out of the money nov call cause its been a little lazy??
If nothing else my broker would enjoy the extra commis.
Counting on july beans having one more good run before she's done
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