Soybean Futures             ZS

After last week’s crop report the futures were unable to sustain the rally from the 1246area up to the 1321 level backing down to 1270 level and consolidating. It looks like they are poised to make another run at the 1320 area with trend resistance dictating the next target area at 1340 and 1355 respectively. After the 1355 area it looks like there is little technical resistance up to the 14oo area which is where the previous rally failed which began from the 1160 area.

ZSF IV 16.30%

Look at buying the Jan 1350 call and selling the Jan 1400 call for 6.00 or better

The risk is $300 with a potential reward of $2,200 over the next 38 days.

*Disclaimer: This is not a recommendation. All trading entails risk. Anyone employing any strategies and having limited knowledge of options trading should consult with a FINRA licensed professional.