Consider Buying a Put Option on August Lean Hog Futures
See on the daily bar chart for August lean hogs that prices have just hit a new contract high, and have pushed just above the previous high scored in March. Chart price history shows that major bull runs can see prices hit a peak, back way off and then challenge or push just above the previous peak. It is my bias that the major bull run in hogs will peter out sometime sooner rather than later. Consider buying a put option on August lean hog futures, with a downside price objective of $114.00 or below. The option expires in early August.
