I totally forgot to write my plan this morning even I got up early. Habit, habit!
Indices market reacted to ECB announcement in both side. ES/SPX broke high and low of yesterday and closed as nothing happened. Now all eyes are on the US employment number tomorrow morning. I exited my SPX bear call of 2100 at b/e to prevent a blow up in case of a stellar job number. Traders are looking at 2100 as a target of year end. This positions was a mistake to begin with. It costed my $950 after a roll up. My bull puts made it up with a little extra so far. I bought a 2120 call also. Originally I was thinking to make it a credit spread to limit my risk. However my 2100 b/e exit order was filled during the morning down thrust. It wasn't well planned in advance. I will exit the call if we get a upward push or take stop at 50%.
I also roll up my RUT 1080 bull put of Dec monthly to 1100 to lock in $250 profit. I also sold 2 SPY naked put to experiment Karen's setup with small margin. It has much better spreads but lower premium as for % of ROM. It could solve my problem of margin size and b/a spread for now.
Grains were up with good export data. Corn and soybean had much better than expected export sales and both were up sharply. Corn performed the best and up 1.8%. Corn's bull flag in weekly looks intact and it may break to the upside. I was forced to roll my Dec 380 bear call again at 4X loss. I don't have enough position for the upside since my bias was to the down side. I locked in a wheat's call profit at 300%, a rare win for my direction plays. I don't have much to show for soybeans since my both sides are under performing. The downside risk is still at large.
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