Possible Re-Ownership Play for July CBOT Wheat
Here is a 3-leg play that I found interesting; it is the sale of a 7.10 put, the sale of an 8.50 call, and the purchase of an 7.70 call. It has a max return of 80 cents; but unlimited risk below 7.10 futures; all of the above is based on when the options expire which I believe is June 24th. At 8.50 profits are capped;
I like the trade under the idea of support and resistance; as that is aprox where the sold options are placed at. Perhaps i rather simply sell the two short options; but if one was/is bullish the purchase of a call could help return a little more.
I like the trade under the idea of support and resistance; as that is aprox where the sold options are placed at. Perhaps i rather simply sell the two short options; but if one was/is bullish the purchase of a call could help return a little more.