Apparently Ukraine and Russian leaders' talk broken down this morning before RTH. Market had a small sell off to close the gap made on August 25. I moved 5C on my ES order and missed the entry. Bulls are firmly in control and pushed ES back into yesterday's range before closing.
Wheat shoot up on Ukraine tension again. It closed above last 2 weeks' highs. Corn and SB made gains today as well. I sold one set of Dec 420 corn bear calls and rolled one Dec 570 bull puts to March 540 to reduce delta and avoid the seasonal Oct low. I may have to sell more bear calls on corn and exit some of my direct puts tomorrow before the Labor Day weekend. I am too directional heavy in puts with corn and wheat.
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