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Ne Nebraska | Curious how you would play out put spreads that I often times like to do. Say Dec corn for example. Currently say I buy a $4.80 put, sell a $5.50 call and sell a $4.20 put. Going to keep costs out of this for now I guess, just an example of how I normally play these spreads. After entering I will usually put in an order to exit sold position for roughly 1/3 the value I sold them for, unless the will obviously expire worthless, just to get them off the books and free up margin. What I have trouble with is deciding when to exit the long put. Most often I keep till expiration and enter the futures position or let expire worthless. I fell like sometimes I might leave $ in the table by not exiting say a month before expiration and keeping some time value back. What’s the proper way to play this? | |
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Weekly Corn Market Update & ask me anything
