My worst hypothesis happened in wheat this morning. Wheat tested over night low after open which gave me some hope of a pull back or range bound today. After I came back from breakfast I saw a big pop in wheat crossed the $7 psychological barrier. It reached last Sept's high of $7.15 and may target last April high of $7.30. My $680 calls are totally under water now. I didn't add any car to it as I don't think it has reached the top of the new balance area. I missed a chance to scale one out this morning in my plan of last night. I moved the price by $1 on the fly. The bad habit cost me again. I am planning to roll over these cars to next month before noon Friday. This is new to me. I am facing a possibility of been accessed by others although it's not very likely. Tomorrow's export report will further push grains around. I may have to roll over my 1730 soybeans which is ATM now.
I followed my rules of staying out ES on FOMC for at least one hour. I was able to get in couple positions for the month end and the following week. I may have to stay out of it longer next time.
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