Indices stayed up in small range. FOMC's statement gave market reasons to go up since there is no immediate rate hiking. ES pushed up to a new high before closing and after hour. We may see a big pop overnight if Scotland voted No and Alibaba IPO will inject new energy to the market. Tomorrow is also the quadruple witch options expiration. Market usually act erratically. I may take the opportunity to put in bear call or bull put depends on which way the market is leaning toward. One problem is that I have only $5.5K available margin left after I closed three soybean puts today. I will wait to close my under water SPX bear call next week to let the dust settle down and squeeze out some time value off it. It was a bad entry which I against-ed my intuition the other day.
Grains had a follow up day but to the down side. I really need to set up a list of my bull/bear positions to monitor my risk/reward ratio. I started one today but haven't got the layout right.
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