Soybean Complex Rally

want to take a gamble on beans....what is the best and least risky way to do it? options? minis? spreads?

 

Minis are great.

 

1) The seasonal pattern this time of year is for a price rally and volatility increase until the end of June before the "harvest decline" sets in.
2) Stay away from the mini (1,000 bushel) contract.

 

Whats wrong with the mini if you're not using stops?

 

1) The mini-grains are illiquid and your stop-orders can have a lot of slippage.
2) Instead of the mini-bean, trade a 1-lot of corn, the 5000-bushel contract, instead.

 

how much slippage on the mini are we talking about that is typical?

 

During the "pit session" time, not too much. Overnight, if those contracts still trade, potentially "a lot".

 

One tick past your stop.