Spec Trade: Buy an Oct 26 Chicago Wheat 620 Call at MKT, 42 currently.

This option exercises into Dec 26 wheat futures. The cost of this option is about $2,100 which is slightly higher than margin on a futures contract, and we don’t have to carry a stop. This option is deep in the money, so we are paying only 1/3 of a penny a day for the right to be on the December contract with controlled risk.