Market rankings for the option trader
Brad King of King Commodities - InsideFutures.com - Thu Dec 07, 12:58PM CST

Thursday commodity market rankings - 12/7/17, By Brad King

It looks like a good day for adjustments in the grains and energies. For today I would reduce some exposure in short natural gas positions while adding risk to crude oil. I would also do the same with wheat and soybean meal. While reducing risk in wheat today, it may be a good time to enter soybean meal longs. Right or wrong, soybean meal is the strongest of the grain complex on longer term charts.

If hedging cattle and you have deep in the money puts, roll them down a bit today.

I am simply waiting for some movement in our other trades. No need for other adjustments.

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Bullish commodity rankings

  1. Crude Oil - Hold long calls and add some risk.
  2. Dow Jones/Nasdaq - Hold long calls in either one.
  3. Cotton - Hold long calls.
  4. Soybean Meal - Buy calls.
  5. Sugar - Hold long calls.
Bearish commodity rankings
  1. Natural Gas - Roll down your puts to reduce risk.
  2. Silver - Sell strength
  3. Wheat - Roll down your puts to reduce risk.
  4. Australian Dollar - Hold long puts.
  5. Coffee - Hold long puts.

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