My plan:
This entry is 3 hrs after open.
It's expected being a slow week as trades are unwinding for Christmas holiday week but new highs are still possible. Indices held up in a small range since open. I entered orders to close my IWM and SPY calls to lock in my profit, also to close bear calls in SPY and RUT to reduce my risks.
Grains are up slightly and support by fair export data. China approved for import GMO corn which may boost corn price in hopes of more export. People have been talking about the 2nd shoe to drop for two months but so far the prices have been other wise. My plan is to continue to reduce my positions and risks.
My execution:
Indices traded in a small range all day but ES touched a new high of 2078. I closed the last IWM call for a 350% return. The winner helps to recover my indices ETF losses earlier. I am managing my last SPY debt call spread and RUT bear call spread. One winner and one hopefully would break even.
Grains stayed in range too. Corn and soybean closed up few cents and wheat was up then down 1.25 cent. No order got filled.
Tomorrow is expected a slower day and market will close early.
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