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On one hand I hate missing out on these good premiums and ROIs. But on the on the other hand we have never had a US president like Trump who is totally unpredictable and is more likely to make a mistake and do the wrong thing.
I know you've made a few trades using the 2/3 spread defined earlier in this thread, I'm using it in my current position for the first time. With that said have you noticed if it decays at the same rate as your 1/2 spread, mine has been open for 20 days and the position still shows a net loss, not much but the longs are falling a lot faster than the shorts. I'm wondering if the the 35 day average is to be expected or if it may take more time.
As shown in the thread "Diversified Option Selling Portfolio" by Ron and myself the seasonal low for years with a large crop and prices below 450 for CZ is in early September. This was always the case since 2007.
The option you chose has only approx. 70 DTE, and it is relatively close to the money compared to the very low profit potential. A move down of the CZ of only 10 c will approx. double the value of your put options.
I might enter a long position in corn in September. But probably I will not sell puts, but buy future spreads or outright futures.