My plan:
Indices futures held the ranges of yesterday. I don't expect a large range or a new high in the day before Thanksgiving. I will try to sell puts if trades let the markets pull back some.
Grains moved up somewhat overnight. Soybean and wheat broke last swing highs. I need to prepare for longs. Corn is challenging the swing high on daily. I will watch it for directions.
My play:
Indices had no pull back. ES tested overnight low earlier then pushed to a new high of 2074.5 after cash close. I am glad I exited my 2075 bear call yesterday according to my plan. It's only less than 30 points to 2100. I want to consider to exit my ES, SPX bear calls in next few days. I tried to sell bull puts in S-5 but missed it by 5c. My order for roll up and locking in SPX 1870 to 1920 didn't get fill. I will try it again. Seasonally ES/SPX has another 1-1.5% to go upside.
Corn and wheat held their overnight gains well. It didn't make sense for wheat to break out with poor export data and high price already comparing with other major producers. I did several rollovers and profit locking. Corn is the one giving me headaches. There are not much premiums for far OTM nor the opposite of my positions. I am still hesitate to go long with force with concerns of the 2nd shoe to drop.
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