I like selling rallies now in Cotton.
Last Thursday, on the 31st, Cotton got very bullish numbers on that crop report.
Since then it has moved sideways to lower. When a market gets bullish news and does not rally, that is a sign of weakness.
For a good spec, consider buying CN 168 or 155 puts for the CN 168 put will cost you 4k. the 155 put will cost you 2K.
Today is April 14th. These options expire in 57 days on Jun 10th.
I think in the next 57 days these will be profitable to own.
That is All.
CER
