Grains had some signs of life. Wheat was up to test Monday's gap. I exited out two July bull puts at 4X and 5X of average cost. Corn was down and tried to get back to yesterday's range. Two of my stop loss of July bull puts were filled at 4-5X losses too. I bought 2 each of Oct, Dec 340 puts. I still have 5 deep in the money soybean but no fill today. I bought Sept 1000 put and sold Nov 1280 put. They are not enough to recover soybean's losses. I need to develop a formula for my hedging instead of base on feelings. I am in negative $14K cash now. This summer may be turning out to be a worst performing season. I need to be patience and perseverance to rebuild my business.
Energies continued going down. I will try to sell CL bear call to balance my bull put position after inventory report tomorrow.
ES challenged new high but was sold off until it filled Monday's gap. I was able to get a fill and sold six August VIX 19. I also got RUT 1080 credit spread in both IB and Etrade. Hope I start to recover my losses in those bear calls.
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