The big overnight gaps of ES and NQ were filled shortly after open with news from Ukraine. I thought the sell off could go lower and the day was still early so I didn't rush to get my bull puts in. Until there was a strong rejection at CHVN of 1863.5 I started my orders. I wasn't sure if there would be another wave of selling beyond the 15 point range. It ended up in a choppy afternoon. I had no fill today. I felt OK and move on to another opportunity.
Corn and wheat were up on Ukraine and weather news too. I had a bear call at 780 filled in wheat for May. With worsening crop condition, the up trend of wheat may not be over yet. I will try to get in bull puts on pull backs. Soybean is under pressure with expectation of more Chinese buyers default and more import beans on the way.
CL is still holding its bear flag. I am waiting for further drop to build my bull puts.
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