It's monthly/weekly option expiration Friday. Market generally moves in choppy mode. I had to take a 2x stop loss of my 1650 puts and scale out my 1645 with smaller profit. Luckily it was still a profitable week. Most of my weekly options for stock and SPY are lost. It was bad timing and wrong bias.
ES hit its 50 ma today and temperately held. The reaction was not very strong. My guess is that the pb is not over yet. Fib 50 and 62.8% levels are below. My next week's position is under water now. I didn't get any fill for ladder up today.
Grains retreated today. I will wait for next week to see if I can scale out my corn puts even with a loss. Corn's down trend is still intact. Arlan is predicting corn to find support at 420.
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