Wednesday, July 10, 2013

T.J. 7-10-13 Fed Min Releasing

Fed meeting minutes release this afternoon and the markets reacted up and down. ES tested 1553 and O/N low. It settled back to mid again. It's another doji like day.

I sold a put of 1605 for a 2 day scalping of $120, or roughly 0.6% of return on margin (ROM). Also sold some 1575 7/26 monthly ES to leg in. It may be a bit too close. I will have to manage the risk of it. I am out of Aug ZC put for a 40% profit. It was in danger for a while.

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