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The Grain Report

RSS By: Sean Lusk, AgWeb.com

Market updates from Walsh Trading.

DAN BURKE'S DAILY OPTION RUN 09/26/13

Sep 26, 2013

DAN BURKE'S DAILY OPTION RUN 09/26/13

GRAINS                                

MACRO OUTLOOK:  My outlook for grains is bullish until December (Christmas month).  Then, I believe "Tapering" will change the playing field.  My research shows that trading futures is usually a short term play.  The nov soybeans traded lower today as interested parties take a breather for the quarterly report Monday.  If nov beans can register a close above 1335, then a try for 1408 might follow.  I always say the third time is a charm and if we make a move for this 1408 level, this would be the third try.  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 666.  I find comfort in getting long and leaning on the 666 level of support.  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

15.6

787.50

1260P

19.0

950.0

1220P

34.5

1625.0

1200P

39.3

1968.75

1260P

13.1

656.25

1250P

16.3

818.75

 

 

 

 

 

 

1230P

8.2

412.50

1240P

14.2

712.5

 

 

 

 

 

 

END USERS

NOV'13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

1350C

20.2

1012.5

1370C

22.6

1137.5

1540C

10.2

512.50

1600C

8.4

425.00

1360C

17.1

856.25

1400C

15.4

775.0

 

 

 

 

 

 

1400C

8.5

431.25

1450C

8.2

412.5

 

 

 

 

 

 

 

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

655P

9.5

481.25

650P

13.4

675.0

580P

4.7

243.75

550P

4.2

212.5

630P

3.3

168.75

640P

10.3

518.75

 

 

 

 

 

 

 

 

 

630P

7.5

381.25

 

 

 

 

 

 

END USERS

NOV '13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

690C

15.2

762.5

690C

21.7

1093.75

770C

17.2

862.5

820C

14.4

725.0

700C

12.0

600.0

700C

18.4

925.0

 

 

 

 

 

 

710C

9.4

475.0

720C

13.2

662.5

 

 

 

 

 

 

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/

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