ES broke out this week with ECB's new stimulus package which I wasn't aware of before. US unemployment figures added fuels into the rally. ES closed at new high of 1949. My main mistakes were shorted it too early, also left a bear call order overnight without knowing it.
Wheat and corn finally had a relief rally at end of the week. Looking back I didn't recognize wheat's trend change on week two of down turn. The biggest mistake I made was that I didn't check May 23 assignment transaction. I thought it was like equity assignment with charge of the difference in options price. It appears that commodity futures options are assigned to new contracts. I only noticed my account had two more wheat futures 660 positions which is two week later and $4K below cost. What a ignorance. I remember I thought about to check the options assignment transaction but didn't see it on the following day's statement. I felt unpleasant to look into the loss further and assumed the assignment was same as ES's assignment procedure. I am not only have to deal with my bull puts losses and also a long position of 660 which I didn't even know it existed for two weeks. It's not a business practice to ignore business transactions.
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