Question $63$: You grow soybeans on your farm. It is April and you want to put a price strategy in place for October. November soybean futures are trading for $$12\mathrm{.}63$ per bushel and your local historical basis in October is $+15$ cents. You buy a November soybean Put option with a strike price of $$12\mathrm{.}40$ for $$0\mathrm{.}61$ per bushel. Time passes and in October the November soybean futures price is $$14\mathrm{.}80$ per bushel and the local basis is $+10$ cents per bushel. What is your effective selling price in October? Give your answer in a positive decimal format, $00\mathrm{.}00$

Question $64$: In the previous problem, did you exercise your Put option?

Yes or No

Question $65$: You grow soybeans on your farm. It is April and you want to put a price strategy in place for October. November soybean futures are trading for $$12\mathrm{.}63$ per bushel and your local historical basis in October is $+15$ cents. You sell a November soybean Call option with a strike price of $$12\mathrm{.}80$ for $$0\mathrm{.}71$ per bushel. Time passes and in October the November soybean futures price is $$10\mathrm{.}43$ per bushel and the local basis is $-5$ cents per bushel. What is your effective selling price in October? Give your answer in a positive decimal format, $00\mathrm{.}00$

Question $66$: In the previous problem, was the Call option exercised?

Yes or No

Question $67$: You grow soybeans on your farm. It is April and you want to put a price strategy in place for October. November soybean futures are trading for $$12\mathrm{.}63$ per bushel and your local historical basis in October is $+15$ cents. You sell a November soybean Call option with a strike price of $$12\mathrm{.}80$ for $$0\mathrm{.}71$ per bushel. Time passes and in October the November soybean futures price is $$14\mathrm{.}80$ per bushel and the local basis is $+10$ cents per bushel. What is your effective selling price in October? Give your answer in a positive decimal format, $00\mathrm{.}00$

Question $68$: In the previous problem, was the call option exercised?

Yes or No

Question $69$: You grow soybeans on your farm. It is April and you want to put a price strategy in place for October. November soybean futures are trading for $$12\mathrm{.}63$ per bushel and your local historical basis in October is $+15$ cents. You buy a November soybean Put option with a strike price of $$12\mathrm{.}40$ for $$0\mathrm{.}61$ per bushel. You sell a November Call option with a strike price of $$12\mathrm{.}80$ for $$0\mathrm{.}71$ per bushel. Time passes and in October the November soybean futures price is $$14\mathrm{.}80$ per bushel and the local basis is $+10$ cents per bushel. What is your effective selling price in October? Give your answer in a positive decimal format, $00\mathrm{.}00$

Question $70$: In the previous problem which options were exercised?

a$.$ Put option was excercised

b$.$ Call option was exercised

c$.$ Both options were exercised

d$.$ Neither option was exercised

Question $71$: You grow soybeans on your farm. It is April and you want to put a price strategy in place for October. November soybean futures are trading for $$12\mathrm{.}63$ per bushel and your local historical basis in October is $+15$ cents. You buy a November soybean Put option with a strike price of $$12\mathrm{.}40$ for $$0\mathrm{.}61$ per bushel. You sell a November Call option with a strike price of $$12\mathrm{.}80$ for $$0\mathrm{.}71$ per bushel. Time passes and in October the November soybean futures price is $$10\mathrm{.}43$ per bushel and the local basis is $-5$ cents per bushel. What is your effective selling price in October? Give your answer in a positive decimal format, $00\mathrm{.}00$

Question $72$: In the previous problem which options were exercised?

a$.$ The Put option was exercised

b$.$ The Call option was exercised

c$.$ Both options were exercised

d$.$ Neither option was exercised