Consider buying a put option on August lean hog futures.
See on the daily bar chart August lean hog futures that price action Tuesday scored a bearish “key reversal” down, including follow-through selling pressure early Wednesday to help confirm the bearish chart pattern. This is an early clue that a market top is in place. 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.
