Questions
Jan
4
2009
Options/Futures Advice
by civ08
Overall Rating:
Hello,
I'm new to trader planet and also a novice to the futures market. I have two and a half years experience trading equities and options. I recently started trading futures contracts in the Frozen Concentrated Orange juice market. Currently I have a married put position open. I bought an OJ contract at a price of 70.80. I also bought a put option with a strike price at 70.00 for a premium of 877.50 to protect any downside movement on the futures contract. I am looking to sell an 80-strike price call against the long futures contract in my account, so the income will offset some of what I paid for the put premium. Does anyone have any advice or comments for me, which could be helpful? Thank you for reading the post.
Civ08
Tags: options
