Consider Buying a Put Option on August Lean Hog Futures
See on the daily bar chart August lean hog futures that price action last week scored a bearish “key reversal” down. That was an early technical clue that a market top is in place. This is also a very mature bull market run in hogs and my bias is that the rally will peter out sooner rather than later. Consider buying a put option on August lean hogs, with a downside price objective of $120.00 or below. The option expires in early August.
