September job report came out close to what market was hoping for, slow growth. Market shoot up with below expectation job number. ES reached a new high of 1754.4 which is Fib 23% target from August low. After a 12 point push down to yesterday's high buyers stepped in and held the trend. Tomorrow's range is between 1728, 1739 to 1763. The market is like an raging bull now. There has been no any sign of slowing down since last week's debt ceiling deal.
I tried 2 scalp from below but no fill today. My 1760 call of 11-1 is under water now. I may add a contract at 2X premium and one further OTM above 1780. I will get puts in if we get a pull back of 1-3 days before this week end. Wheat is the strongest hold up among grains. My 2 call sell positions are ok but hasn't appreciated as I had hoped. I should see more of accelerated time decay for these November calls. I entered them bit too early.
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