My plan:
ES moved to the upside after European open and broke yesterday's high on 3.9% GDP VS 3.3 expected. The all time high of 2072 set on last Friday is expected to be broken. My ES exit order for 2075 didn't get filled overnight. I need to get out no later than tomorrow. I won't sell any bear calls unless there is a sign of exhaustion. I will try to sell puts on any weakness.
Grains are supported by export data. Soybean export continued on strong numbers. It broke the neck line of IHS. Watch for the upside in soybean which is pulling with soy meal. Wheat recovered from weak export data. Corn is weak and forming a HS on daily. I will continue to adjust my positions.
My play:
Indices held well as thanksgiving approaching. I closed my this week's 2075 bear call B/E which is much better than losing money. I also sold a Dec 1950 bull put in QII. I got frustrated for no fill of credit spreads in this low volatility environment. SPX/RUT have large spread in bid/ask in far OTM and time listings.
Grains popped up every where with good export data especially in soybean complex. I rolled over or close a position in each product to lock in some profits or stop loss measures. It ended up as a B/E day.
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