I didn't expect much happening on this Christmas Eve. Equities stayed in a very small range without making any new highs. My target in SPY calls didn't get fill. Now I am risking of giving up my gains as their expatriation is next Wednesday. I have two more day's left. I closed a ES 1920 of this Friday to make room for new trade. I got filled two ES bull puts at 1880, 1900 for week 3 and 4. My plan is to let them decay during this holiday week. I have over 8% for four weeks.
Grains had unexpected sell off. Corn, soybean and wheat broke their trend lines, down 1.39%, 1% and 4% respectively. I locked in some profits in bear side of corn and wheat. I need to watch down side risk now, especially in wheat as there are many contracts down there. January's grain report will be critical. I should consider to reduce my bull puts to reduce my risk exposure.
No comments:
Post a Comment