Indices took a breath after yesterday's 2% drop. ES tried to get back into yesterday's range but got pushed out every time. It closed outside of the daily BB lower band. I tried to close my positions of 1910, 1900 bull puts but no fill. I may have to take bigger losses Monday if it's still not bounce. One of my RUT credit spreads is under water now. I tried to take a stop loss. I will try again next week. Now I realized that following my plan and discipline have their rewards. I planed to close my RUT the day before FOMC. I only had Etrade position closed with a small profit due to a miscalculated entry. Also I did right on closing CL bull put last week with the concern of the expiration date was a month away. CL has come down a lot and my $95 bull put would have been under water.
In the grain front, corn and soybean (Nov) made new contract lows. My yesterday's SB rollover entry looked like too early since SB was down 20 points today. Wheat went up to challenge last week's high but failed to close above it. I exited out couple direct puts of this month to protect my profit.
July closed with a loss again. I will review July and last week tomorrow.
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