Indices bounced today. ES tested overnight high and low, then moved higher. It's still below BBM and less than 50% of Fib. I exited out my 1910 and S-5 1900 bull puts with a small loss and b/o respectively. Regardless which direction the ES moves this week. I followed my plan and didn't hold and hope.
Grains are green today. My plan was to fade the pop and position puts. Too bad I only had a partial corn bear calls. There is going to be another USDA report due on August 12. The general consensus are bearish with bigger production estimates. I need to plan some exit and rollover before it.
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