I decided to take stop losses for grains on the weekend review. Luckily grains had a pull back on this Monday after last Friday's big sell off. It didn't hurt that much at 2X after all although the losses are steep in term of dollars. I exited each July position in wheat and corn but no fill in soybean. I will continued to scale out to reduce my risk and add more hedges in directional puts and bear calls. The entire grain market is still very bearish as the weather continues cooperate.
Indices gaped up and holding well. I tried to sell RUT credit spread on a pull back of gap fill but it didn't happen. It looks like the up trend will continue despite all geo-political concerns.
CL and NG had pull back and I would try to sell calls to balance my CL bull puts and get in a NG bear call.
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