New Crop Soybeans $--$ Put Option Strategy. It is May and I am

considering buying a put option to provide price insurance for the

soybean crop I just planted. November futures are $$13\mathrm{.}50$ and the

November at$-$the$-$money put option premium is $$1\mathrm{.}00.$

c$)$ What will my actual net selling price be next fall if November

futures price is trading for $$11\mathrm{.}50,$ the put option premium is $$2\mathrm{.}05,$

and the actual basis is $50$ cents?