Theta Farmer on Options, Volatility, and Playing the Long Game

Jon Prischmann and Ryan Tungseth are joined by Theta Farmer for a wide-ranging discussion on options, volatility, and what disciplined risk management looks like in today's grain markets. Rather than chasing trades, the conversation focuses on patience, timing, and understanding when the market is offering opportunity—and when it isn't. Theta shares how he thinks about selling time, managing positions before expiration, and why low-volatility environments often call for doing less, not more. They also touch on 2026 market outlooks, seasonality, and why having a plan matters more than predicting price direction.