Risk Management in Action
Risk Management in Action
Options Real Time
This graph shows the performance of a Put Option, based on current market values. This shows how a Put Option can be used to protect a maximum price, but also how the farmer can benefit if the market falls.
Performance of £155.00/t strike Put Option for Nov-14, purchased on 01-Nov-2013 @£11.80/t
Chart.
| Date | Nov-14′ futures | Put option strike price | Put option premium | Maximum wheat price using option (£/t) | Current wheat price using option (£/t) | Wheat price if the market falls to £120/t (£/t) |
|---|---|---|---|---|---|---|
| 25 Jun 2014 | 137.00 | 155.00 | 11.80 | 166.80 | 148.80 | 131.80 |
| 24 Jun 2014 | 136.75 | 155.00 | 11.80 | 166.80 | 148.55 | 131.80 |
| 23 Jun 2014 | 138.50 | 155.00 | 11.80 | 166.80 | 150.30 | 131.80 |
| 20 Jun 2014 | 138.35 | 155.00 | 11.80 | 166.80 | 150.15 | 131.80 |
| 19 Jun 2014 | 138.25 | 155.00 | 11.80 | 166.80 | 150.05 | 131.80 |
| 18 Jun 2014 | 137.70 | 155.00 | 11.80 | 166.80 | 149.50 | 131.80 |
| 17 Jun 2014 | 136.20 | 155.00 | 11.80 | 166.80 | 148.00 | 131.80 |
| 16 Jun 2014 | 136.55 | 155.00 | 11.80 | 166.80 | 148.35 | 131.80 |
| 13 Jun 2014 | 137.00 | 155.00 | 11.80 | 166.80 | 148.80 | 131.80 |
| 12 Jun 2014 | 137.95 | 155.00 | 11.80 | 166.80 | 149.75 | 131.80 |
| 11 Jun 2014 | 139.75 | 155.00 | 11.80 | 166.80 | 151.55 | 131.80 |
| 10 Jun 2014 | 140.75 | 155.00 | 11.80 | 166.80 | 152.55 | 131.80 |
| 9 Jun 2014 | 141.55 | 155.00 | 11.80 | 166.80 | 153.35 | 131.80 |
| 6 Jun 2014 | 143.10 | 155.00 | 11.80 | 166.80 | 154.90 | 131.80 |
| 5 Jun 2014 | 142.55 | 155.00 | 11.80 | 166.80 | 154.35 | 131.80 |
| 4 Jun 2014 | 143.00 | 155.00 | 11.80 | 166.80 | 154.80 | 131.80 |
| 3 Jun 2014 | 142.05 | 155.00 | 11.80 | 166.80 | 153.85 | 131.80 |
| 2 Jun 2014 | 142.60 | 155.00 | 11.80 | 166.80 | 154.40 | 131.80 |
| 30 May 2014 | 143.75 | 155.00 | 11.80 | 166.80 | 155.55 | 131.80 |
| 29 May 2014 | 144.35 | 155.00 | 11.80 | 166.80 | 156.15 | 131.80 |
| 28 May 2014 | 144.05 | 155.00 | 11.80 | 166.80 | 155.85 | 131.80 |
| 27 May 2014 | 144.00 | 155.00 | 11.80 | 166.80 | 155.80 | 131.80 |
| 23 May 2014 | 146.10 | 155.00 | 11.80 | 166.80 | 157.90 | 131.80 |
| 22 May 2014 | 146.85 | 155.00 | 11.80 | 166.80 | 158.65 | 131.80 |
| 21 May 2014 | 147.90 | 155.00 | 11.80 | 166.80 | 159.70 | 131.80 |
| 20 May 2014 | 149.05 | 155.00 | 11.80 | 166.80 | 160.85 | 131.80 |
| 19 May 2014 | 147.90 | 155.00 | 11.80 | 166.80 | 159.70 | 131.80 |
| 16 May 2014 | 149.00 | 155.00 | 11.80 | 166.80 | 160.80 | 131.80 |
| 15 May 2014 | 149.25 | 155.00 | 11.80 | 166.80 | 161.05 | 131.80 |
| 14 May 2014 | 150.00 | 155.00 | 11.80 | 166.80 | 161.80 | 131.80 |
| 13 May 2014 | 152.50 | 155.00 | 11.80 | 166.80 | 164.30 | 131.80 |
| 12 May 2014 | 153.50 | 155.00 | 11.80 | 166.80 | 165.30 | 131.80 |
| 9 May 2014 | 156.15 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 8 May 2014 | 156.95 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 7 May 2014 | 157.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 6 May 2014 | 158.80 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 2 May 2014 | 158.20 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 1 May 2014 | 157.25 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 30 Apr 2014 | 158.05 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 29 Apr 2014 | 158.15 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 28 Apr 2014 | 158.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 25 Apr 2014 | 159.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 24 Apr 2014 | 158.10 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 23 Apr 2014 | 157.40 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 22 Apr 2014 | 156.70 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 17 Apr 2014 | 161.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 16 Apr 2014 | 159.85 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 15 Apr 2014 | 160.05 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 14 Apr 2014 | 158.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 11 Apr 2014 | 155.25 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 10 Apr 2014 | 156.00 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 9 Apr 2014 | 156.15 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 8 Apr 2014 | 155.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 7 Apr 2014 | 153.55 | 155.00 | 11.80 | 166.80 | 165.35 | 131.80 |
| 4 Apr 2014 | 151.95 | 155.00 | 11.80 | 166.80 | 163.75 | 131.80 |
| 3 Apr 2014 | 153.50 | 155.00 | 11.80 | 166.80 | 165.30 | 131.80 |
| 2 Apr 2014 | 152.65 | 155.00 | 11.80 | 166.80 | 164.45 | 131.80 |
| 1 Apr 2014 | 155.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 31 Mar 2014 | 156.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 28 Mar 2014 | 158.10 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 27 Mar 2014 | 159.30 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 26 Mar 2014 | 159.80 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 25 Mar 2014 | 161.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 24 Mar 2014 | 161.55 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 21 Mar 2014 | 160.00 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 20 Mar 2014 | 160.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 19 Mar 2014 | 161.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 18 Mar 2014 | 159.00 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 17 Mar 2014 | 157.00 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 14 Mar 2014 | 159.35 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 13 Mar 2014 | 159.85 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 12 Mar 2014 | 159.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 11 Mar 2014 | 156.90 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 10 Mar 2014 | 154.70 | 155.00 | 11.80 | 166.80 | 166.50 | 131.80 |
| 7 Mar 2014 | 155.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 6 Mar 2014 | 153.25 | 155.00 | 11.80 | 166.80 | 165.05 | 131.80 |
| 5 Mar 2014 | 153.50 | 155.00 | 11.80 | 166.80 | 165.30 | 131.80 |
| 4 Mar 2014 | 152.20 | 155.00 | 11.80 | 166.80 | 164.00 | 131.80 |
| 3 Mar 2014 | 152.05 | 155.00 | 11.80 | 166.80 | 163.85 | 131.80 |
| 28 Feb 2014 | 147.50 | 155.00 | 11.80 | 166.80 | 159.30 | 131.80 |
| 27 Feb 2014 | 147.90 | 155.00 | 11.80 | 166.80 | 159.70 | 131.80 |
| 26 Feb 2014 | 148.25 | 155.00 | 11.80 | 166.80 | 160.05 | 131.80 |
| 25 Feb 2014 | 147.50 | 155.00 | 11.80 | 166.80 | 159.30 | 131.80 |
| 24 Feb 2014 | 147.55 | 155.00 | 11.80 | 166.80 | 159.35 | 131.80 |
| 21 Feb 2014 | 148.90 | 155.00 | 11.80 | 166.80 | 160.70 | 131.80 |
| 20 Feb 2014 | 149.00 | 155.00 | 11.80 | 166.80 | 160.80 | 131.80 |
| 19 Feb 2014 | 148.30 | 155.00 | 11.80 | 166.80 | 160.10 | 131.80 |
| 18 Feb 2014 | 148.00 | 155.00 | 11.80 | 166.80 | 159.80 | 131.80 |
| 17 Feb 2014 | 146.65 | 155.00 | 11.80 | 166.80 | 158.45 | 131.80 |
| 14 Feb 2014 | 147.00 | 155.00 | 11.80 | 166.80 | 158.80 | 131.80 |
| 13 Feb 2014 | 146.10 | 155.00 | 11.80 | 166.80 | 157.90 | 131.80 |
| 12 Feb 2014 | 145.80 | 155.00 | 11.80 | 166.80 | 157.60 | 131.80 |
| 11 Feb 2014 | 146.60 | 155.00 | 11.80 | 166.80 | 158.40 | 131.80 |
| 10 Feb 2014 | 146.15 | 155.00 | 11.80 | 166.80 | 157.95 | 131.80 |
| 7 Feb 2014 | 146.05 | 155.00 | 11.80 | 166.80 | 157.85 | 131.80 |
| 6 Feb 2014 | 145.75 | 155.00 | 11.80 | 166.80 | 157.55 | 131.80 |
| 5 Feb 2014 | 145.50 | 155.00 | 11.80 | 166.80 | 157.30 | 131.80 |
| 4 Feb 2014 | 145.25 | 155.00 | 11.80 | 166.80 | 157.05 | 131.80 |
| 3 Feb 2014 | 143.55 | 155.00 | 11.80 | 166.80 | 155.35 | 131.80 |
| 31 Jan 2014 | 142.75 | 155.00 | 11.80 | 166.80 | 154.55 | 131.80 |
| 30 Jan 2014 | 142.75 | 155.00 | 11.80 | 166.80 | 154.55 | 131.80 |
| 29 Jan 2014 | 142.25 | 155.00 | 11.80 | 166.80 | 154.05 | 131.80 |
| 28 Jan 2014 | 144.50 | 155.00 | 11.80 | 166.80 | 156.30 | 131.80 |
| 27 Jan 2014 | 144.25 | 155.00 | 11.80 | 166.80 | 156.05 | 131.80 |
| 24 Jan 2014 | 143.95 | 155.00 | 11.80 | 166.80 | 155.75 | 131.80 |
| 23 Jan 2014 | 143.75 | 155.00 | 11.80 | 166.80 | 155.55 | 131.80 |
| 22 Jan 2014 | 143.75 | 155.00 | 11.80 | 166.80 | 155.55 | 131.80 |
| 21 Jan 2014 | 143.90 | 155.00 | 11.80 | 166.80 | 155.70 | 131.80 |
| 20 Jan 2014 | 144.40 | 155.00 | 11.80 | 166.80 | 156.20 | 131.80 |
| 17 Jan 2014 | 144.75 | 155.00 | 11.80 | 166.80 | 156.55 | 131.80 |
| 16 Jan 2014 | 146.50 | 155.00 | 11.80 | 166.80 | 158.30 | 131.80 |
| 15 Jan 2014 | 147.10 | 155.00 | 11.80 | 166.80 | 158.90 | 131.80 |
| 14 Jan 2014 | 146.75 | 155.00 | 11.80 | 166.80 | 158.55 | 131.80 |
| 13 Jan 2014 | 147.00 | 155.00 | 11.80 | 166.80 | 158.80 | 131.80 |
| 10 Jan 2014 | 145.25 | 155.00 | 11.80 | 166.80 | 157.05 | 131.80 |
| 9 Jan 2014 | 147.25 | 155.00 | 11.80 | 166.80 | 159.05 | 131.80 |
| 8 Jan 2014 | 148.25 | 155.00 | 11.80 | 166.80 | 160.05 | 131.80 |
| 7 Jan 2014 | 150.00 | 155.00 | 11.80 | 166.80 | 161.80 | 131.80 |
| 6 Jan 2014 | 150.40 | 155.00 | 11.80 | 166.80 | 162.20 | 131.80 |
| 3 Jan 2014 | 150.10 | 155.00 | 11.80 | 166.80 | 161.90 | 131.80 |
| 2 Jan 2014 | 151.65 | 155.00 | 11.80 | 166.80 | 163.45 | 131.80 |
| 31 Dec 2013 | 153.10 | 155.00 | 11.80 | 166.80 | 164.90 | 131.80 |
| 30 Dec 2013 | 153.20 | 155.00 | 11.80 | 166.80 | 165.00 | 131.80 |
| 27 Dec 2013 | 153.75 | 155.00 | 11.80 | 166.80 | 165.55 | 131.80 |
| 24 Dec 2013 | 153.90 | 155.00 | 11.80 | 166.80 | 165.70 | 131.80 |
| 23 Dec 2013 | 154.55 | 155.00 | 11.80 | 166.80 | 166.35 | 131.80 |
| 20 Dec 2013 | 153.70 | 155.00 | 11.80 | 166.80 | 165.50 | 131.80 |
| 19 Dec 2013 | 153.75 | 155.00 | 11.80 | 166.80 | 165.55 | 131.80 |
| 18 Dec 2013 | 153.85 | 155.00 | 11.80 | 166.80 | 165.65 | 131.80 |
| 17 Dec 2013 | 154.40 | 155.00 | 11.80 | 166.80 | 166.20 | 131.80 |
| 16 Dec 2013 | 155.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 13 Dec 2013 | 155.15 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 12 Dec 2013 | 155.05 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 11 Dec 2013 | 155.90 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 10 Dec 2013 | 155.65 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 9 Dec 2013 | 156.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 6 Dec 2013 | 156.40 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 5 Dec 2013 | 156.55 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 4 Dec 2013 | 158.20 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 3 Dec 2013 | 157.00 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 2 Dec 2013 | 156.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 29 Nov 2013 | 156.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 28 Nov 2013 | 156.00 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 27 Nov 2013 | 156.20 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 26 Nov 2013 | 156.00 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 25 Nov 2013 | 156.15 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 22 Nov 2013 | 155.85 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 21 Nov 2013 | 155.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 20 Nov 2013 | 155.65 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 19 Nov 2013 | 156.05 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 18 Nov 2013 | 156.25 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 15 Nov 2013 | 156.75 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 14 Nov 2013 | 156.05 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 13 Nov 2013 | 156.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 12 Nov 2013 | 156.50 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 11 Nov 2013 | 155.35 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
| 8 Nov 2013 | 154.90 | 155.00 | 11.80 | 166.80 | 166.70 | 131.80 |
| 7 Nov 2013 | 154.90 | 155.00 | 11.80 | 166.80 | 166.70 | 131.80 |
| 6 Nov 2013 | 154.75 | 155.00 | 11.80 | 166.80 | 166.55 | 131.80 |
| 5 Nov 2013 | 154.25 | 155.00 | 11.80 | 166.80 | 166.05 | 131.80 |
| 4 Nov 2013 | 154.80 | 155.00 | 11.80 | 166.80 | 166.60 | 131.80 |
| 1 Nov 2013 | 155.05 | 155.00 | 11.80 | 166.80 | 166.80 | 131.80 |
