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RM2-20.0
9-99
0.2
● Less expensive than an outright purchase of
Gain/Loss
0.1
a call option.
0 ● Limited risk. A producer knows the most
he can gain or lose from the position.
-0.1
Disadvantages include:
-0.2
2.9 3 3.1 3.2 3.3 3.4 3.5 3.6 ● Limited gain from the strategy.
Educational programs of the Texas Agricultural Extension Service are open to all citizens without regard to race, color, sex, disability, religion, age or national origin.
Issued in furtherance of Cooperative Extension Work in Agriculture and Home Economics, Acts of Congress of May 8, 1914, as amended, and June 30, 1914, in
cooperation with the United States Department of Agriculture. Chester P. Fehlis, Deputy Director, Texas Agricultural Extension Service, The Texas A&M University
System.
1.5M, New ECO