Consider buying a call option on March orange juice futures.
See on the daily bar chart for March frozen concentrated orange juice futures (FCOJ) that prices have rallied sharply from the recent low and hit a five-week high on Monday. Price action recently has also formed a bullish double-bottom reversal pattern, to suggest a market bottom is in place. Seasonally, this is the time of year that speculators move to the long side of the FCOJ futures market, in order to capture profits on any frost or freeze scares for the southeastern U.S. citrus region, which occur from late-fall to late-winter. Consider buying a call option on March FCOJ futures, with an upside price objective of $1.4600, or above. The option expires in mid-February.
