Lock Limit days

MrMiyagi

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Saying we're limit up in Corn for example, and I'm stuck with a short position, because the options on corn don't have the same limit day mechanisms that the futures have, I could theoretically go long synthetically to get out...
now the question is, for those that know the markets with limit restrictions, is it even possible, and if it is, which options do you use? the ATM strikes around the limit price? What way do the options on corn (or other ags, softs, meats etc) behave in such times? do the premiums skyrocket so much that it isn't worth ones while? slippage etc?

forgive the muddled thinking behind this. I just about understand synthetics and am looking for applications of it...
 
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