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SEON | thanks Billybob,
Yeah I expect I'd have to honor my elevator contract. I wondering how to cash in on some of the money that I'd left on the table. i.e. I contract to sell 5000 bu to the elevator at $6 but wheat goes to $8......I left $10,000 on the table. So, today for example, might I not buy 5000 bu worth of at the money calls? Would this not gross me $10,000 if Jul 11 wheat goes to $8?
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buying calls as insurance
