To recap, selling puts is a bullish strategy. I only recommend this strategy at the beginning of intermediate cycles because short puts are marginal. I want the underlying asset to take off to the upside because paying margin calls is not the easiest thing for most people to do.
But why sell options? 80% of all options expire worthless, so it is usually the option seller, not the option buyer who consistently makes money. Selling at ICL's give the best possibility of avoiding margin calls. The largest gains in any market are made in the first few weeks after the beginning of a new intermediate cycle. This time it is even better because wheat is also at a yearly cycle low. The gain in wheat should be very good which is why this time, I am recommending selling a higher strike option.