I totally forgot to write my daily plan on this Monday morning. I was out of routing?
Indices have had another day of upward consolidation or grind up. ES/SPX made another new high of closing of 2032 + 6 for ES. I tried to sell both calls and puts spreads but no fill since the range was very small. I can wait for another day. A pull back or pop up will come after a consolidation. I just need to be patient. I sold a Nov week 4 of ES 2075 in S-5.
The much anticipated USDA WASDE came out at 12 today. There was no any major surprises except a slightly lower corn production. estimate. Grain market didn't move much except soybean down about 12 point. Soy meal broke a chart low but pulled back at closing. Wheat is held at weekly low and it may have another leg down. Soybean and corn are still holding uptrend on weekly. I did get a soybean 1090 call of Jan and 370 corn puts. I may not get much profit out of these directional options if these chart patterns hold.
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