Loading ...Futures on commodities and used options as insurance ..example 1 contract SEPT Soybeans with minimum down the risk is high ,so I used a in the money PUT option of the same expiration month as insurance against loss.
It worked very well for me.40 years ago before computer trading and cheap commissions ..
I ran into some crooks in Chicago that I couldent get confirmations on time ..it would be hours before I could get what price I paid..it was so bad I had to ask for a transcript of the tape ..I would always pay the high price of the day .,,crooks..with computers and self trading without brokers things got better in most places..I got out of Chicago and stayed with NY,better the crooks you know ,than the ones you dont know..hehe.
Chicago was so bad I wouldent trade without a in the money put and same expiration month as insurance ..
Not to impune the GREAT brokers out there,you just need to stay with those you know are honest..
I had a wonderful broker in NY,but they didnt do Commodities back then ….