IN555 - 9/29/2021 20:45

I typically don't do a lot with options for protecting actual production so just curious if anyone would care to share their favorite strategy for protecting sales farther out? A typical strategy offered by the commercials would be something like buying a 5.20z22 put while selling 2 $6 calls. This opens you up to having to deliver double the bushels so doesn't allow to get fully hedged. Buying a $6 put while selling the $6 call gets you a $5.20 floor with the top up to $6 but takes a lot of capital. Anyone have any suggestions that might be out of the box? I'm not interested in doing anything now but just looking for some ideas in case we get to levels that are appealing. With the nose bleed inputs thinking about protecting the floor doesn't seem crazy imo. Thanks