The ‘ol Wisner strategy
Of buying at the money puts on May 10th looks pretty good in the close up window of the rear view mirror.
May 10 a pretty good long term average for the spring high.
And while you don’t kill it in a great crop year you’re good, and you’re also not locked in for a bad one.
Tests well over any consecutive 10 year period in the last 40.
Re: The ‘ol Wisner strategy
One of those things you just commit to over the long term, or don’t.
Not really a selective thing.
Did say that I preferred puts in a discussion around that timeframe. Might have been titled “How High Will It Go?”or something like that.