Consider Buying a Put Option on August Lean Hog Futures
See on the daily bar chart for August lean hogs that recent price action has formed a bearish diamond pattern. Diamonds are usually formed at market tops and are caused by higher price volatility at higher levels, which is also a bearish indicator, by itself. Consider buying a put option on August lean hog futures, with a downside price objective of $118.00, or below. The option expires in early August.
