*RISK DISCLOSURE: FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS, AND IS NOT SUITABLE FOR ALL INVESTORS. ONLY RISK CAPITAL SHOULD BE USED. MARGINS ARE SUBJECT TO CHANGE. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN ORIGINALLY INVESTED.*  

Maniatis quote taken from my commentaries Friday on DowJonesnewswires, full story by By Holly Henschen, Dow Jones Newswires;

The greenback is looking stronger amid world currencies at the moment, likely to invoke a rally that will lead to selloffs in softs markets and send cocoa sprawling, said Michael Maniatis, market strategist at LaSalle Futures Group in Chicago. Despite ongoing news of unfavorable growing conditions in West Africa approximately one month before the main crop harvest begins, the market's technicals will take over, Maniatis said.

"Fear is only going to take you so far and charts don't lie," he said. As the market slips back from the top of the $2,550-$2,950 range, it could break through the Aug. 15 low of $2,574 and drift back to $2,200, said Maniatis.

I recommend buying the Dec 2300 puts for under $400 per option. If you've been following my recommendations in cocoa back to August 14th we played the long side of the market and waited to buy the puts. Last week you could have been getting filled on these trades all day at $260.00 If you like the market setup I encourage you to call or email me to discuss the market and begin receiving my previous and future commentaries in the cocoa market. Futures and options trading involves risk of loss and YOU can lose money. Only risk capital should be used to trade. Quote view and chart courtesy of barchart.com