Hello Tim, Glad to hear about your hog trade! Following is what I just got from my broker. If everyone buys hogs that will help you & me!!
Today, Pat and I have been swamped with phone calls with clients looking for a way to be long hogs, trying to be more involved on this possible major upside breakout.
The best way to accomplish this while defining the risk, is buying June futures at market and then also buying the June 100 puts for 480 points. Your risk is totally defined to 660 points. The upside could easily be somewhere north of 120.