Indices sold off to end the year. ES/SPX made a 20 points drop. Does it indicate that we may see a worse sell off than last Jan? I sold a SPX and RUT in Karen's style for Feb expiration. I wanted to take the new years day and weekend time decay but it may not matter that much since the dates are far out. I will monitor the risk. I also sold couple of VIX as I didn't expect ES would push through S2 and CHVN. It eventually punched through and I went ahead sold 2nd set at 35.
Grains sold off as well. Soybean finally gave up the range. Corn and wheat went thought their marks of 4 and 6 respectively. I locked in some bear call profit today.
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