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Market rankings for the option trader.

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Wednesday commodity market rankings - 5/16/18, By Brad King

Our market rankings have not changed much in the last few weeks but we have seen some significant moves in the Nasdaq, crude oil, and live cattle since I last updated here. I am expecting a few changes next week but they may be slow to develop.

If you rolled up Nasdaq call options last week, your current position should be a bit out of the money now. I may suggest adding to this trade on weakness if it develops in the next few sessions.

If you have been holding puts in the 30 year bonds, reduce some risk today. These options should be in the money at this point.

Grains look to be losing leadership on the long side. Momentum has shifted lower since I wrote here last. Don't add to losing longs. Hedgers should now be short corn and beans. Soybean hedges can be rolled a bit lower at this point if they are significantly in the money.

If short cattle, sit tight. Hedgers and speculators should be holding long puts as the April lows look like likely targets.

You may use some profits in any 30 year bond positions to add premium to (roll down your calls) cocoa and cotton.

I will be posting again here next Wednesday. Have a great weekend.

If you would like to position for long term trends, 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. Cocoa - Hold long calls.

2. Soybean Meal - Hold long calls.

3. Cotton - Hold long calls - add risk.

4. Crude Oil - Hold long calls - reduce risk.

5. KC Wheat - Hold long calls.

6. Nasdaq 100 - Hold long calls.

Bearish commodity rankings

1. Sugar - Hold long puts - add risk.

2. Soybean Oil - Hold long puts.

3. Live Cattle - Hold long puts.

4. Coffee - Hold long puts.

5. 30 Year Bonds - Hold long puts - reduce risk.

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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