It's commodity options expiration Friday. I closed all grain options for this month. I barely break even adding all bear calls and put. Without counting the wheat rollover, it gets a $4K profit. I bought one more wheat and soybean puts for Nov and exited a wheat Dec bull put which was way underwater. I am waiting for the market go down further before I get back in. The big losses will show up in next two months. I am watching for margin limit and cash loan balance to gradually exit my losing positions.
Indices have been up and down as bulls and bears fighting for directions. ES had a bigger pull back this afternoon. I sold some above 2015 SPX bear calls expecting this pull back would stop at mid of BB. One of them I didn't wait for the price to come to my place thinking it won't come up this far. But it blow out my price level and made me looking at a risky position. I am still under emotion influence subjective views when placing orders. However, the up trend is still intact and the downside move could be short lived as it is. I will manage my risk next week.
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