A Malaysia Airline's airplane was shot down over Ukraine and Russia board for no apparent reason. No one admitted responsible for such a tragedy. As it happened on top of Israel attacking Abase's bases the market went wild. equities were dropping, commodities were popping. My CL bear call of 110 were filled. I am in a strangle position now. I am thinking about to get out both side early instead of holding to expiration.
I added one more position to my ES bull puts of 1840, Aug 1st. I also took advantages of the volatility and entered a quick scalp of 1890 for tomorrow's expiration at 3x70. I didn't want to do more since I wanted to reserve some funds in case of something drastically happens.
Grains popped on news of the plane down. My exit orders of corn and wheat were filled finally. I also exited half of my corn direct puts to lock in some profit. On the other hand I lowered my soybean price too far out and none of them were filled. I was influenced by report of good soybean export numbers and other people's upbeat twitts. I didn't do a good measurement of soybean's price target during the frenzy time. I also made a mistake of adding a position to my 1250 at 3535 on a p/b which was deep ITM already. I was pretty confident the pull back was temporary and buyers would step in. I am often wrong whenever I am confident of a price movement. The news pop ended short lived.
It was a mixed bag day in terms of my performance. I need to be aware of my emotions and step aside when market is in a news driven state. Ask myself: can I survive it and wait till tomorrow?
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