Consider Buying a Put Option on December Live Cattle Futures
See on the daily bar chart for December live cattle futures that prices have backed well down from the recent contract high, including scoring a significantly bearish “key reversal” down, which is an early clue of a market top being in place. Prices also closed at a bearish weekly low close on Friday. Consider buying a put option on December live cattle futures, with a downside price objective of $150.00, or below. The option expires in early December.
