March Soybeans appear to be a buy as tariffs seem to be getting lowered by the Chinese after Trump and Xi had their meeting Saturday as both agree lower their tariffs and to trade on a more equal footing, in my opinion. March Soybeans last as of this writing 923-6. Chinese demand for Soybeans as well as Asian area countries and Europe demand will add to the push higher, looking for Soybeans to rally toward the 980 area in my opinion.
Consider the February Soybean 960 Call costing 13-1 = $656.75 of quantifiable risk plus fees and associated costs per transaction to enter the trade. Also the February 970 Call costing 11-0 = $550.00 of quantifiable risk plus fees and associated costs per transaction to enter the trade.
March Futures are the underlying contract for February Options.
February 2019 Options EXPIRE IN 52 DAYS on 1/25/2019 JANUARY EXPIRATION.
A contrarian view or incase there seems to be no real agreement consider the February 880 Put costing 7-2 = $362.50 of quantifiable risk plus fees and associated costs per transaction to enter the trade. Also the February 870 Put costing 5-1 = $256.25 of quantifiable risk plus fees and associated costs per transaction to enter the trade.
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