March Canola calls

**Oliver88** · Feb 11, 2021, 22:25

What is a normal amount for call options?

**macdon02** · Feb 11, 2021, 22:43

Originally posted by Oliver88 View Post

What is a normal amount for call options?

85% expire worthless, historically.

**Oliver88** · Feb 11, 2021, 22:47

Any ideas out there for put options for the 2021 crop?

**Flatlander** · Feb 11, 2021, 22:50

All luck, the first time bought a call was at delivery during harvest last fall. Settled it yesterday up $3.40 per bushel. Guess I owe my rep a steak supper, it was at his suggestion after I was commiserating the spread between where I sold and what was the current price.

**errolanderson** · Feb 11, 2021, 23:06

Originally posted by Oliver88 View Post

Any ideas out there for put options for the 2021 crop?

Actively trading January $550 puts today @ $20/MT today.

Offers $530/MT floor and with 0 par basis now heard under Jan, this put option may guard a $12/bu floor price with no production or delivery obligation. Expires around Xmas. Also, put option ownership only allows open cash market ceiling (wide-open) should futures rally on summer weather issues.

**farming101** · Feb 11, 2021, 23:15

Originally posted by Oliver88 View Post

What is a normal amount for call options?

I am not sure about what would be normal.
But open interest is dropping fast now. If these options are in the money(it depends what was paid for them) but obviously a lot are; it could be a whole new game. Especially if some of the new longs decide to take delivery.
It could all settle out without a hiccup as long as the writers are long the underlying

**macdon02** · Feb 12, 2021, 00:05

There's a Gann 4x sell signal setting up Sunday night ... not sure if the holiday interferes. Also noteworthy, my AI system skipped May, July. It's focused on Nov now, usually it rolls to July, not completely sure why but it didn't like anything in between.

**macdon02** · Feb 12, 2021, 00:18

Vertical lines are timing, horizontal are resistance and support. Time over price gents. Stick with your normal sell dates unless price exceeds resistance on those dates.(In a bullish market)

**farming101** · Feb 12, 2021, 06:24

Originally posted by macdon02 View Post

There's a Gann 4x sell signal setting up Sunday night ... not sure if the holiday interferes. Also noteworthy, my AI system skipped May, July. It's focused on Nov now, usually it rolls to July, not completely sure why but it didn't like anything in between.

November has the most OI now?

March Canola calls