Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Market outlook
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Craig-TX" data-source="post: 59263" data-attributes="member: 39"><p>By 'covered' I'm referring to the established option strategy. Selling a covered call means writing an option against your long position. You either hold the commodity itself or a contract on the commodity. Inversely, if you were selling a 'naked' call you'd be taking a position without an offsetting hard position in the underlying security or commodity. </p><p></p><p>But you've made it clear that you're recommending ranchers sell covered calls against <em>their own livestock</em>. Who is doing this, and how and where? What futures exchange?</p><p></p><p></p><p></p><p>In other words, take all the risk out and guarantee yourself a profit. Why write a book about it? Why not just get rich quick and easy by practicing this formula? </p><p></p><p></p><p></p><p>Precisely. That's why it didn't make sense when you said:</p><p></p><p></p><p></p><p>Craig-TX</p></blockquote><p></p>
[QUOTE="Craig-TX, post: 59263, member: 39"] By ‘covered’ I’m referring to the established option strategy. Selling a covered call means writing an option against your long position. You either hold the commodity itself or a contract on the commodity. Inversely, if you were selling a ‘naked’ call you’d be taking a position without an offsetting hard position in the underlying security or commodity. But you’ve made it clear that you’re recommending ranchers sell covered calls against [i]their own livestock[/i]. Who is doing this, and how and where? What futures exchange? In other words, take all the risk out and guarantee yourself a profit. Why write a book about it? Why not just get rich quick and easy by practicing this formula? Precisely. That's why it didn't make sense when you said: Craig-TX [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Market outlook
Top