Monday, August 25, 2014

SPX 2000 8-25-14

S&P breached 2000 mark for the 1st time today. It's a much anticipated bench mark. ES only got to 1999.75. The up trend is not done yet. But we may see a small pull back. I sold a bear call of 2030 two weeks out.

Grains resume their down trend today. Soybean and wheat lost over 1%. Corn is holding on a thread. Ukraine is quiet. No any bullish news so far. I sold one set of wheat calls and legged down to 900 and 880 for soybeans for Dec and Mar. CME had technical problem and delayed open last night. I couldn't get IB options quote at all.


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