@article{King:118951,
      recid = {118951},
      author = {King, Katie and Zulauf, Carl R.},
      title = {Using Options: The Role of Declining Time Value},
      journal = {Journal of the ASFMRA (American Society of Farm Managers  and Rural Appraisers)},
      address = {2011-06},
      number = {387-2016-22887},
      pages = {5},
      year = {2011},
      abstract = {Farmers and other buyers and sellers of commodities use  options in their marketing strategies. A cost of buying put  and call options is the decay in option premium that occurs  from the time an option position is established until the  time the option position is closed out. This article finds  that the average option premium decay cost associated with  buying December corn and November soybean put and call  options is relatively small if the option position is  closed out before mid-to-late June. After this date the  average option premium decay cost begins to accelerate,  resulting in and increasing cost of using options to market  corn and soybeans.},
      url = {http://ageconsearch.umn.edu/record/118951},
      doi = {https://doi.org/10.22004/ag.econ.118951},
}