Another 100% profitable ES options week. ES is having hard time to push up and staying at 1681 to 1696 range for this week. It may break another balanced area next week. I have established positions 3 weeks out. It's a bit far out for the third week. I need to be more patient. I had a little fear of missing the boat since yesterday was a V shape bounce. Today it ended up closing lower.
On the other hand, grains continue to move lower. I am glad I exited my corn long position last night based on BB4 and BB1 squeeze pattern. I am still holding corn option position. Failed to follow my trading rules. I didn't form a scale out exit plan earlier. I am under deep water now and may go down further if Monday's USDA report turn out to be bearish. Rules, Rules! Without following my rules I can't be a professional.
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