Consider buying a put option on December live cattle futures.
See on the daily bar chart for December live cattle futures that recent price action has become volatile at the higher price levels. Higher volatility at higher price levels is a bearish warning signal of a topping process in a market. Also, the recent price action in live cattle futures has formed a bearish broadening pattern. Consider buying a put option on December live cattle futures, with a downside price objective of $128.00, or below. The option expires in early December.
