It's FOMC day again. Market held up and no big swings because the outcome was expected. There was no surprises. I followed my rules to wait until the dust settled. I had only a 1920C bear call 2 weeks out. No bull puts filled.
Grains continued their upward move but at smaller pace. I tried several bull puts but no fills. I didn't chase and would like to wait for a pull back to get in. All of my positions are outside of ranges for now. I will be patient for new opportunities coming to me. Tomorrow is the usual export report and there may be opportunities present.
In the energy front, CL dropped below $100 overnight and continued the down ward slid after open. I had add on to my $96 and filled a new 495 bull puts after cash closing. I will wait to see when and where the slid would stop. It's near daily Fib 78% RT now. NG started a pull back and moving in my favor. The uptrend is still intact. The time decay will help me out if NG doesn't have any big surprise.
No comments:
Post a Comment