Market stayed up in a smaller range after The President Day. I was watching to see if there would be a rejection from the multi-top from last Dec and early Jan. I guess it's too attempting for the market not to take a look what's on the other side of fence. I placed couple orders to sell ES puts but no fill. It has been 10 days without a down day. I get to be patience even though I don't have many positions participating in this up move.
CL had a big surge of $3 today. I add $106 put sell but it's not looking too good when CL pushed up to 103 and into the HVA of 103-109. I later switched to selling puts instead of keep fighting the trend. I need to re-access my 105 position and get ready to take stop after tomorrow's Crude inventory report. I wish I had learned the seasonality trend few days earlier so I might have avoided this error.
Grains had a up day too. Soybean was up 22 C but my add on didn't get filled. I am some what suspicious about the up move of Corn and Wheat. Soybean has strong oversea demand to support it. It's weather news of south America driven now.
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