I have NEVER said I am an expert trader!! I do have decades under my belt. The last time I checked, about 7% of all options were covered calls. Not a big portion by any means...But, it can not be totally ignored. I am more of the boring investor who looks for under valued stocks/ETFs, then buys them. Maybe an industry leader that had a bad quarter (think DuPont). I would say about 20% of my stocks (ETFs) are optioned. The others just sit and (hopefully) grow...Think QQQ. I use to post on the options page...But now, I just use my journal page for most of my thoughts and trades. With WEAT, I wanted to get a dialog started, to try and see all sides of the issue (trade).
Don't sell yourself short. Be able to consistently make money doing covered call/CSP is not easy. I gave up on them early on because I couldn't beat buy and hold writing covered calls or CSP.
It’s far from an all time low. See the long term chart in the link. Several of my friends were forced out of farming after 2000. https://www.seeitmarket.com/wp-content/uploads/2015/02/wheat-prices-long-term-trend-line-support.png
I’ve done quite a bit of research on this using data to the 1960s. Holding TBills is a better option than holding a commodity or commodity type index. But a nice an option is to take one of the commodity indexes and use any medium or long term momentum signal. When it’s bullish buy the index etf/fund otherwise TBills. This summary is from portfoliovisualer.com 12 month dual momentum model since WEAT inception using DBC: Portfolio Initial Balance Final Balance CAGR Dual Momentum Model $10,000 $13,506 2.42% Equal Weight Portfolio $10,000 $10,018 0.01% << holding DBC Teucrium Wheat ETF $10,000 $2,405 -10.71% There were 21 trades in the period. DM outperforms a moving average model in this period. HTH Brian