My plan:
I am late to write my plan again. I woke up at 7:30 and went back to bed falling sleep until 9:20.
ES held in the mid of yesterday's range between 2032-2038. It looks muted. After open ES breached overnight high for a point then got pushed back to overnight low. It likely to hold and skew up a little since buyers stepped in at overnight low and o/n high was broken earlier. I will try to sell bull put credit spread for a longer time out. and close a bull put of next week to release margin. RUT is below BB/M daily after yesterday's 1% drop. It may lead a pull back or next week.
Grains held in a small range overnight. After open, Dec wheat is challenging yesterday's high, Jan soybean dropped 15 points including o/n. Corn is holding yesterday's range and maintaining its up trend. I have to double check that all of my Dec's bear calls have a plan to be handled. My available margin is at low $30K and need to be increased.
My play:
ES/SPX had another small range choppy day. ES had only 8 points within yesterday's mid. Market is undecided in direction. I didn't have any fill here. I am patiently waiting for market come to me.
Grains are mixed. Wheat shoot up another 1.2% to 560. It made my Dec 560 in the money now. I will have to roll it next week. Corn dropped 1+% which let some of my failed puts stop out. It also release some pressure for my bear calls. Soybean fall hard in the last hour. It registered near 3% for all next 3 contract months. I added 3 of my bull puts back and rolled over a Jan 1080 bear call to Feb 1120. I still have several bear calls underwater. But it's a nice relief for now. Got to watch if it's a bigger force making a trend change. It closed right at the break out point after USDA report. Is it a retest or break down? It will tell by early next week. I need to hold up my entries until it's clear.
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