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June Cattle Update

By: Michael RatajMay 24th, 2011 12:59PM CDT

On 5/17 when June Live Cattle broke it's support at 108475 we bought the 107/104 put spread for $400. The underlying has maxed out but we still have 11 days until expiration. Today we bought the 1020 puts outright for roughly $400. It's been an extremely strong trend down and we're hoping for a continuation as these options trade into expiration.

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Michael Rataj
Commodities Broker

Michael Rataj discovered an interest in financial markets during a career in the mortgage industry with Bank of America. He made the transition to the futures markets after realizing the impact the markets have in every facet of business. Michael joined RJO Futures and uses his skills as a trading consultant to manage risk for his clients. Michael focuses on options trading for their staying power and limited-risk type trades, but trades futures depending on the client's appetite for risk and po.... Read More

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