This is the July 2021 Monthly Recap of the Trade Spotlight: Options advisory segment.
Soybean Put Option (7/20/21)
Long the September 2021 Soybeans 1300 put from 16’7 cents or $843.75. Option theoretical value is 20’1 cents. Marked-to-market gain of $162.50.
Anticipated a breakout using a put option in the November 2021 Soybeans to the downside on a break of a lower trend line. The market traded down to 1332’0 quickly, but retraced to the 50-day Moving Average. After a week of sideways trading the market has finally begun the sell-off. There is a seasonal to be short the November contract through the beginning of August. Trading the September contract that expires at the end of August. Liquidating the position when this sell-off looks to be nearing it’s end.