Aug 22, 2014
Home | Tools| Events| Blogs| Discussions Sign UpLogin

AgDay Blog


The Grain Report

RSS By: Sean Lusk, AgWeb.com

Market updates from Walsh Trading.

DAN BURKE'S DAILY OPTION RUN 09/25/13

Sep 25, 2013

DAN BURKE'S DAILY OPTION RUN 09/25/13

GRAINS                                

MACRO OUTLOOK:  The grain train keeps on rolling and my long term outlook is bearish.  However, keep in mind that long term is a difficult trade in the futures market.  I like researching the charts one day at a time.  The nov soybeans traded higher today as they get some momentum to the upside.  A settle above 1335 would be a nice indication of a try for 1408.  Remember, support can be found at 1280.  In the Dec corn, prices moved higher today.  I like buying with a stop placed below key support at 446.  In dec wheat, I am bullish.  The support can be found at 640.  For me, the daily chart has a W formation that looks bullish.  Getting a settle above 666 was a big technical settle today.  I like waiting to onboard long if prices can come back to 666.  Please keep in mind, while looking below, that commissions and fees are not included in the cost of the option.

SOYBEAN HEDGE OPPORTUNITIES

PRODUCERS

NOV '13

DEC13

MAR14

MAY14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

1270P

14.2

712.50

1260P

17.5

881.25

1220P

30.0

1500.0

1200P

36.6

1837.5

1260P

11.7

731.25

1250P

15.1

756.25

 

 

 

 

 

 

1230P

7.4

375.0

1240P

13.1

656.25

 

 

 

 

 

 

END USERS

NOV'13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

1350C

21.4

1075.0

1370C

24.2

1212.5

1540C

10.6

537.5

1600C

8.6

437.5

1360C

18.1

906.25

1400C

16.4

825.0

 

 

 

 

 

 

1400C

9.2

462.50

1450C

8.5

431.25

 

 

 

 

 

 

 

CORN HEDGE OPPORTUNITIES

PRODUCERS

NOV'13

DEC '13

MAR’14

MAY’14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

430P

3.4

175.0

440P

9.7

493.75

410P

6.4

325.0

400P

6.5

331.25

420P

2.1

106.25

430P

6.5

331.25

 

 

 

 

 

 

400P

.6

37.5

400P

1.7

93.75

 

 

 

 

 

 

END USERS

NOV '13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

470C

6.2

312.5

470C

10.3

512.5

550C

6.2

262.5

570C

7.4

375.0

480C

3.7

193.75

490C

5.4

275.0

 

 

 

 

 

 

490C

2.3

118.75

500C

4.0

200.0

 

 

 

 

 

 

 

WHEAT HEDGE OPPORTUNITIES

PRODUCERS

NOV '13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

630P

4.6

237.5

650P

10.2

512.5

580P

6.0

300.0

550P

4.4

225.0

610P

1.6

87.50

640P

7.1

356.25

 

 

 

 

 

 

600P

1.0

50.0

630P

4.6

237.5

 

 

 

 

 

 

END USERS

NOV '13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

690C

12.1

606.25

690C

12.1

606.25

770C

15.5

781.25

820C

12.7

643.75

700C

9.5

481.25

700C

9.5

481.25

 

 

 

 

 

 

710C

7.5

375.0

720C

6.0

300.0

 

 

 

 

 

 

RISK DISCLOSURE: THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES AND OPTIONS TRADING.  THIS REPORT IS A SOLICITATION FOR ENTERING A DERIVATIVES TRANSACTION AND ALL TRANSACTIONS INCLUDE A SUBSTANTIAL RISK OF LOSS. THE USE OF A STOP-LOSS ORDER MAY NOT NECESSARILY LIMIT YOUR LOSS TO THE INTENDED AMOUNT.  WHILE CURRENT EVENTS, MARKET ANNOUNCEMENTS AND SEASONAL FACTORS ARE TYPICALLY BUILT INTO FUTURES PRICES, A MOVEMENT IN THE CASH MARKET WOULD NOT NECESSARILY MOVE IN TANDEM WITH THE RELATED FUTURES AND OPTIONS CONTRACTS.

Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The views and opinions expressed in this letter are those of the author and do not reflect the views of Walsh Trading Inc. or its staff.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Walsh Trading Inc. Copyright © Walsh Trading Inc.

In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security, commodity, currency or index. Support refers to an area on a chart where buy orders may be clustered. Resistance is an area where there may be sell orders.  Fibonacci retracement is named after a 12th century Italian mathematician and based on the theory that prices rise or fall by predictable amounts after reaching a high or low.

For more market information, Dan can be reached at 312.957.8248 or via e-mail at dburke@walshtrading.com.

Stay Green!  Go Paperless and fill out this online application in order to trade Futures and Options------https://accountforms.rcgdirect.com/

Log In or Sign Up to comment

COMMENTS

No comments have been posted, be the first one to comment.

MARKETS

CROPSLIVESTOCKFINANCEENERGYMETALS
Market Data provided by Barchart.com
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions