Consider buying a put option on December lean hog futures.
See on the daily bar chart for the December lean hogs that prices have made a strong run to a contract high. However, it appears the market has become overdone on the upside, as seen by the Slow Stochastics indicator at the bottom of the chart reading well above 80.00. Any number above 80.00 suggests the market is short-term overbought. Consider buying a put option on December lean hog futures, with a downside price objective of $80.00, or below. The option expires in mid-November.
