First, click on "Register" located in the upper righthand corner. Fill in name, email, and password. In the window, scroll and read through the "terms of use". Check the box below the "terms of use" window. By checking the box you agree to the "terms of use" and you can continue to register. Once completing the registration, your subscription is complete. Login to Option Advantage®.

Option Advantage® is for use in marketing plans, to complement hedging assets, or for use in your own personal strategy.

The Memorandum of Understanding (MOU) sets forth the terms and conditions between the parties to properly utilize Option Advantage®.

The parties include the producer with a marketing plan, the commodity broker who will place the orders, and the grain merchandiser who will purchase the cash grain.

The producer is the designated lead and is responsible for coordinating the activities of the parties named in the MOU.

The purpose of the MOU is to employ the best practices and responsibilities between parties that use Option Advantage®.

The parties of the MOU agree to implement the Best Practices and procedures prescribed in the Option Advantage® Tutorial.

The MOU is for one crop year up to a period of 12 months.

Close the sold option that yields a gain. This will reduce the price of the remaining open option. During a volatile market, the price can reverse and then the open option can be sold at a gain. If the market does not reverse, the cost of the remaining option is the balance of the bought premium. This balance will be less than the premium of the original bought option.

The cost of 5 Blend Order™ at $946 can be recovered from the sale of the 5 open bought option contracts. The uncovered bought contracts from one Blend Order™ of 25,000 bushels with a four-cent gain could yield $1000.

The first step of Option Advantage® allows you to select your Entry Price or range with its corresponding Blend Order™. You decide what works best for you.

In the second step, access the formula tied to your selection by clicking "Get Blend Order™".

To submit the order, enter the Blend Order™ CALL and PUT formula including the Cost or Credit limit price into your order-entry system, or call your broker to submit the order.

When the order is filled, you are in a position to take advantage of market movements with less market exposure.

Option Advantage® uses covered CALL and PUT formulas. This gives you the power to stay in the market during volatile price swings. You do not get forced out of the market or be subject to large margin calls.

One Option Advantage® Blend Order™ formula, including the Cost or Credit price, equals one contract of 5,000 bushels. You enter as many contracts as you like.

Yes, technology is available on current order entry platforms to enter two or more option orders into one order with a combined limit price. This feature is very important when a market is volatile. A fill at the Cost or Credit limit price from the Blend Order™ is most important to receive the desired Entry Prices.

Yes. One Blend Order™ formula contract can be used for an unlimited number of bushels. The following is an example of a 50,000 bushel position. One Blend Order™ formula contract of 5,000 bushels x quantity 10 equals a 50,000 bushel position. To place the order, submit the Blend Order™ formula including the Cost or Credit limit price as one order and then use a quantity of 10. When filled, this order yields a 50,000 bushel position at your Entry Price.

Both Blend Order™ and Future Blend Order™ include CALL and PUT options. Blend Order™ consist of CALL and PUT contracts without any future contracts. Future Blend Order™ include at least one futures contract with CALL and PUT contracts.

Sell the premium of a Blend Order™ to receive a credit. Then, use the credit to purchase a debit premium at a reduced or equal price. For example, sell the first Blend Order™ premium for 9 3/4 cents and purchase a second Blend Order™ premium for 10 1/4cents. The premium cost of the entire transaction is 1/2 cent.

Use the Blend Order™ to replace cash sales

Pick the Blend Order™ for the time frame you might sell corn or soybeans. For example, if you sell in the summer, on the Price Board in the drop-down box select July. If you sell at harvest, select December corn or November soybeans in the drop-down box.

A user may cancel the subscription to My Option Advantage® at any time for any reason, however, no refunds of any subscription monies will be made.