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Beginners Board
What market should I shoot for?
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<blockquote data-quote="ollie" data-source="post: 59490" data-attributes="member: 323"><p>Richard , Two questions if I may: 1 does buying back my call cost money. 2) If the Jan board is my hedge and the cattle are ready and have got to get out of the lot asap but I want to manage my risk as you say what should I do. </p><p>I can sell a call for .675 at 92</p><p>They are currently biddding 89.65 on my cattle in the panhandle of Texas</p><p>Lets say that I have to get out the first week on Jan. to manage the y4"s</p><p>Last trade on the live cattle current mo. was 91.70</p><p>I sell the 92$ call which nets me 270.00</p><p>New market reports come out and the board and cash cattle go up 4.00 next week. </p><p>What would I do?</p><p><a href="http://www.ams.usda.gov/LSMNpubs/PDF_Daily/DCBS.pdf" target="_blank">http://www.ams.usda.gov/LSMNpubs/PDF_Daily/DCBS.pdf</a></p></blockquote><p></p>
[QUOTE="ollie, post: 59490, member: 323"] Richard , Two questions if I may: 1 does buying back my call cost money. 2) If the Jan board is my hedge and the cattle are ready and have got to get out of the lot asap but I want to manage my risk as you say what should I do. I can sell a call for .675 at 92 They are currently biddding 89.65 on my cattle in the panhandle of Texas Lets say that I have to get out the first week on Jan. to manage the y4"s Last trade on the live cattle current mo. was 91.70 I sell the 92$ call which nets me 270.00 New market reports come out and the board and cash cattle go up 4.00 next week. What would I do? [url=http://www.ams.usda.gov/LSMNpubs/PDF_Daily/DCBS.pdf]http://www.ams.usda.gov/LSMNpubs/PDF_Daily/DCBS.pdf[/url] [/QUOTE]
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What market should I shoot for?
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