The fed government's operation is hanging on a thread of Congress's action today. Market gaped down on Sunday night. ES gaped cross its old gap again. Everyone is waiting for the final word if the gov is going to shut down by mid night tonight. Either way the shut down may be a short term event with big volatility. I will only focus on 1-2 weeks ES option positions since there are so many unknown events. Be prepared for a big swing and possible long expected pull back.
It's the quarter end too. My month end options are looking OK except 1660 put which is about 10 points away with 15 min to closing. It's a new event risk unlikely but possible. My exit out is set and ready to go in case a sudden move.
Well, everything for this week expired worthless as there hasn't no solution from Congress at the closing. I expect the short term down trend will continue and will handle it accordingly.
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