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The Grain Report

RSS By: Sean Lusk, AgWeb.com

Market updates from Walsh Trading.

DAN BURKE'S DAILY OPTION RUN 10/08/13

Oct 08, 2013

DAN BURKE'S DAILY OPTION RUN 10/08/13

GRAINS                                

MACRO OUTLOOK:  Lack luster grains need government reporting to provide the proper currents to price action.  And the markets wait.  The chicago nov beans found a new high at 1305 ½ again.  Support can be found at 1260 and 1220 respectively.  I like selling nov beans and leaning on 1313.  Dec corn moved lower and settled at 441 1/2.  Support can be found at 420/422.  I am neutral Dec corn, but would like to move past harvest lows in order to get busy buying.  The chicago dec wheat is my favorite leverage.  Support can be found at 680.  I find comfort in getting long and leaning on the 680 level.  704 is next resistance. 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

1250P

8.2

412.5

1260P

22.6

1137.50

1220P

33.1

1656.25

1200P

40.0

2000.0

1240P

6.3

318.75

1250P

19.3

968.75

 

 

 

 

 

 

1200P

2.5

131.25

1240P

16.3

818.75

 

 

 

 

 

 

END USERS

NOV'13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

1350C

4.0

200.0

1370C

8.6

437.50

1540C

4.3

218.75

1600C

4.2

212.50

1360C

3.0

150.0

1400C

5.1

256.25

 

 

 

 

 

 

1400C

1.1

56.25

1450C

2.4

125.0

 

 

 

 

 

 

 

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

3.2

162.50

440P

12.6

637.50

410P

7.6

387.50

400P

8.0

400.0

420P

1.3

68.75

430P

8.4

425.0

 

 

 

 

 

 

 

 

 

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

450C

4.1

206.25

470C

4.3

218.75

550C

3.2

162.50

570C

5.4

275.0

460C

1.7

93.75

490C

2.0

100.0

 

 

 

 

 

 

 

 

 

500C

1.3

68.75

 

 

 

 

 

 

 

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

1.5

81.25

650P

5.2

262.5

580P

2.0

100.0

550P

2.1

106.25

 

 

 

640P

3.4

175.0

 

 

 

 

 

 

 

 

 

630P

2.2

112.5

 

 

 

 

 

 

END USERS

NOV '13

DEC '13

MAR '14

MAY '14

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

STRIKE

PRICE

COST

690C

16.1

806.25

690C

21.0

1050.0

770C

17.0

850.0

820C

15.5

781.25

700C

11.5

581.25

700C

17.1

856.25

 

 

 

 

 

 

710C

8.1

406.25

720C

11.2

562.50

 

 

 

 

 

 

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.

Technical analysis, popularized by Charles Dow, creator of the Dow Jones Industrial Average in 1896, is based on the theory that a chart of the price of financial assets contains clues to future movements.

Bollinger bands, developed by John Bollinger in the 1980s, are used by technical analysts to identify the turning point in an asset’s trajectory. The limits represent two standard deviations from the 20-day moving average, implying that the likelihood of a currency moving outside the band is rare.

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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