Sell Dec Corn Puts This Morning

Yesterday, I suggested you to consider a conservative strategy of selling December $4.00 Corn puts which would net you around .40 per bushel.  Thanks to the Brexit, the pot has been sweetened.  You can see on the chart below that corn was pushed below the trend line.  This is close enough to where a floor should be that I feel very comfortable being long.   

I am recommending this morning that you sell $4.00 December Corn Puts at .40 cents on all the corn you expect to grow.  Yep, all in at 100%.  This WILL be a marginable position, so don't spend the credit you earn yet. 

The downside to this position is VERY low.  You receive the .40 credit and that is yours, but you are on the hook for every penny below $4.00 corn goes.  Even if corn trades at the March yearly low @ $3.65, you will be a nickel ahead.  It won't go that low this year.

Below is the Dec corn put chart.  If you are having trouble putting in the order, have your spouse do it for you!