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Volatility
Options fall into the category of being slightly undervalued in non-volatile markets in the weekly options report.Notes:
Contract Size - 5,000 bushels (~127 MT)
Tick Size: Cents per bushel. 1/4 of one cent per bushel ($12.50 per contract)
Trading Hours: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT.
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Corn
Below are charts for reference.
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Strategies
Below is an illustration of a directional iron condor if prices were to rebound. It would benefit if volatility were to trail back to historic levels after markets have priced in a push higher. Strategy has positive time decay.
If prices hiked up 15 cents, the position could be adjusted as below.