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SE MN | If the market goes up your call will start to increase in value. For example the call you are looking at purchasing is probably a couple cents higher now than it was the day you sold your wheat.
Don't assume that you have to have the price of the contract be higher than your strike to make money. If that contract rallies to $6.30 tomorrow you will be able to sell that call for a nice profit for even though it isn't over the strike on the call.
A large part of the value of an option is the volatility of the market at the time of the transaction. A flat market will lead to cheaper options. Right before a report or if the market is making large moves that option will be more expensive.
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Educate me on call options
