As of this post coffee prices are higher by 4.44% with prices approaching previous 
Trade ideas:
- Long (1) in the money March $115 call for under $1800 and sell (2) March $125 calls for $525 per. You would collect just over $1000 and pay $1800 so out of pocket premium is $800 plus three transaction costs. I see a grind higher so you may be able to offset on higher trade or hold until expiration as I do not see future sustainable above $125 considering current supply and demand. The trade has 41 days and currently has a favorable delta of 13%.
- Long May futures and sell an out of the money May call 1:1. Selling a $120 would give you just better than a $2000 cushion. You should pick up approximately 1/2 of the underlying move. 99 days until expiration and look for an exit if futures were to rally 5-10 cents rally in the coming weeks. Offset both legs at the same time.