I started to roll over my wheat positions today. Wheat was up 6 point overnight. I thought I would have had a good chance to exit some of my positions. It ended back to close Friday's gap and broken down to the next LVA. Wheat closed down 6 points. It's testing the last break out area of Feb. What a trip. I got caught up in both ways. I got in 3 sets of roll over but no exit orders filled. I will have to exit out first.
Corn went down 6 points too. My 450 puts is approaching stop out target. I will have to roll over or take stop tomorrow too. I tried to buy puts to hedge my wheat and corn positions but didn't get a decent pull back. Time is the essence now.
ES held an initial sell off after open. It looks like moving up again. Wednesday is the FOMC again. I will wait after it before establish any positions in indices. My first spread RUT trade in Etrade is endanger of ITM. I was too eager to get in. I sold a call spread of 1180/90 instead of 1190/1200. I am paying a price of anxiety and possible stop out. I placed an exit out at B/E. Let's see if the increased volatility will get me out of this positions.
Energy took a breath today. I exited my CL 108 position according to my plan. Even though it went lower later and only one day left. I am glad I followed my plan to reduce my risk. It could be just easily shoot up to 108 giving the situation in Iraq and I wouldn't have time to exit out. Following my rules and plan make me feel good.
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