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Market rankings for the option trader

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Wednesday commodity market rankings - 2/13/18, By Brad King

We have seen quite a bit of price movement since I last wrote here. However, if you subscribed to my newsletter, you should have bought into the equity pullback on Thursday or Friday last week and should also be long soybean meal again. I also recommended rolling from coffee to sugar. If you initiated these trades, sit tight on equities but roll up the meal again right away. If you are still looking to get long equities again, you can buy call spreads in equities on weakness. Volatility is too high to buy straight call positions this week.

Hog options will expire tomorrow, if they are in the money, exit.

Both crude and cotton have not been able to regain any bullish momentum. Don't add to these positions until something significant changes. You shouldn't have much more at risk in these trades.

I think it's a good day to add risk to cocoa. Roll your puts up if necessary. Do the opposite for soybean oil. Roll down those options down to take some profits.

I will write again here next week.

If you would like to position for long term trends in 2018, give me a call at 928-773-0472 or you may open an account HERE. Account applications can be completed at your convenience 24 hours/day.

For my market summary (covering 34 markets usually 2x per week) with trading ideas for both hedgers and speculators, please subscribe to my free newsletter HERE.

Bullish commodity rankings

  1. Cotton - Hold long calls.
  2. Crude Oil - Hold long calls.
  3. Dow Jones/Nasdaq - Hold long call spreads.
  4. Australian Dollar - Buy calls today, replacing the British Pound.
  5. Soybean Meal - Hold long calls - reduce risk.
Bearish commodity rankings
  1. Cocoa - Hold long puts - add risk.
  2. Sugar - Hold long puts.
  3. Natural Gas - Hold long puts.
  4. Soybean Oil- Hold long puts - reduce risk.
  5. US Dollar - see the Australian (above).

I have speculator and producer (agricultural hedge) positions listed on my newsletter. Subscribe HERE.

DISCLAIMER: THE RISK OF TRADING FUTURES AND OPTIONS (LEVERAGED MARKETS) IS SUBSTANTIAL, THEREFORE ONLY "RISK" FUNDS SHOULD BE USED. The valuation of such may fluctuate, and as a result, clients may lose more than their original investment. In no event should the content of this information be construed as an express or an implied promise, guarantee or implication by or from King Commodities that you will profit or that losses can or will be limited in any manner whatsoever. Information provided is intended solely for informative purposes and is obtained from sources believed to be reliable. This is a solicitation for futures and options trading. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Past results are no indication of future performance. King Commodities expressly disclaims all liability for the use or interpretation by others of information contained in this article.

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About the author

Brad King is President of King Commodities Inc.  He has an engineering degree from Arizona State University. He became a commodities broker while living in Denver, Colorado in 1997. Brad has used his engineering background to create trading software for futures & options traders and to assist livestock and grain producers with various hedging strategies. Brad works with clients across the USA and Canada. Brad has over 18 years of experience as a futures & options broker. He publishes a commodity trading newsletter 3-4 times per week and also publishes a weekly reversal analysis with long term entry points at the beginning of each week. Brad is a technical trader and prefers to trade a trending market. When not at his desk, he enjoys fly fishing and coaching youth hockey.

To subscribe to Brad’s option trading newsletter, or to view his weekly reversal analysis, please visit or give him a call at 928-773-0472.

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