Traders are re-positioning and taking risk off before the Labor Day long weekend. ES had a V shap day. I caught a pull back in the morning.
Grains reversed from the gains of yesterday. I am not sure if it was an retest low before pushing up or an resume of the down trend on starting of harvesting in the south. I exited some puts in corn and wheat ahead of the long weekend and avoid further decay. I will add soybean puts next week hopefully with a pop up.
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