I have a big picture tool I use that has been very good to me and it is now indicating shorting puts in wheat will be a good spot to take advantage of a sideways or climbing wheat prices. I will trade the 31 DTE options and will move down to the 30 delta strike put to give it a bit of wiggle room. Not a big trade but not much buying power is used either
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So far all is well, the direction today even helped more. just hang in there and the value will come in
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a large percentage of the theta has bled out of this trade and as a percentage of potential profit I will be closing this trade. with very good ROI.