Jackpot Hit in Marketing Plan????

If you remeber Mr Vinny Vegas had a rather different marketing plan; as he sold all of his cash grain and decide to re-own all of the grain via a couple different option strategies.

Just a couple days ago Mr Vegas started exiting some of them; (he did run into some issues as he was orginally planning on exiting some Tuesday but he ran out of time.


His exit plan was
http://grainmarketingplans.blogspot.com/2011/01/mr-vegas-exits-part-of-his-trades.html

He failed once again to get out of part of his trades; today that ended up being very profitable for him; as most of the markets moved up and he was fortunate to have 2/3 of them;  to exit them he placed MOC sell orders to offset.

Below is how he exited his options that expired today.

Date	commodity	number contracts	bushels per contract	total bushels	exit price	total $	based on bushels	net per bushel
1/19/2011	corn	23	5,000	115,000	$        0.24	$            27,600.00	50,000.00	$           2.30
1/21/2011	corn	47	5,000	235,000	$        0.37	$            87,537.50
						$          115,137.50
1/19/2011	beans	20	5,000	100,000	$        0.45	$            45,000.00	50,000.00	$           2.59
1/21/2011	beans	40	5,000	200,000	$        0.42	$            84,500.00
						$          129,500.00
1/19/2011	wheat	34	5,000	170,000	$        0.14	$            23,800.00
1/21/2011	wheat	66	5,000	330,000	$        0.35	$          113,850.00	50,000.00	$           2.75
						$          137,650.00

As you can see he added between $115,137 to $137,650 to his bottom line or about $2.30 on corn, $2.59 on beans, and $2.75 on wheat.

A couple of things to point out; these are realized gains; he still has open trades that when placed where even money trades; so he added nothing nor took anything away from his prices when he orginally placed his hedges.  Today when he exited he did leave the short put options sitting out there.  So what ever he pays for them will need to come off of his bottom line.

But so far he has hit 1/2 of a Jack pot.  Anyone else out there who can say that they have got levels like Mr Vegas?  Now he will need to decide how to follow up the option postions that are still open and will also have to decide if he wants to try something simliar to above as we go forward; but for the right here right now; i think Mr Vegas migh go and pull a couple slots and test his luck!