Tuesday, September 23, 2014

Selling Follow Through 9-23-14

Indices had a follow through selling around 1%. It's into the 3rd losing day accounting last Friday. ES appears with more room to the down size base on Fib and B band. I had a lucky entry on a SPX 2025 bear call credit spread for Oct 3rd. It got filled on an early push up to BB mid. My bull puts or the 2nd leg of Iran condo didn't get filled on the sell off. I will try again in next couple days.

Grains continued leaking. Wheat was the only one in holding mode. I bought a Nov 450 put and sold a Dec 540 call set. This price is lower than my Dec bull puts of 560. I didn't get a chance to look for grains historical charts during the day. I will do it tonight. Corn and soybean's additional monthly contract finally appeared on IB quote board but no price and options listed yet.

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