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.
In the chart below, wheat broke below its previous intermediate cycle low. This should be proof that a new intermediate cycle is underway. The RSI and Stochastics are both turning up.
I am officially applying this strategy to help my soybean positions. I am presently 50% sold, but I am applying this strategy to 100% of my soybean positions. This should net me an additional .31 per bushel. You can apply it to corn, soybeans, and yes even wheat!