Coolmist is a company that produces high quality juices from scratch. One of their best products is orange juice, and they have orange groves that provide the chief raw material to their operations. One of the risks faced by the company is that the growing process from start (planting) to finish (extraction of juice) takes many months, and because they have no control over the global price of orange juice, their business has significant price risk. Coolmist is considering the use of options on the price of orange juice per pound as a way to hedge this risk. Which of the following option positions would you recommend?

Buy straddles on orange juice

Buy puts on orange juice

Write calls on orange juice

Buy calls on orange juice

Write puts on orange juice