I didn't write down a plan today. After Trade Bite I went into market and totally forgot about it.
Equity market got a relief rally after 5 straight down days. ES tested 1970 overnight. The low didn't get retest during the RTH. Today's relief rally in ES and NQ didn't take out yesterday's highs. It's a Friday before a long weekend and options expiration day. Wild price actions were expected. I sold couple SPY calls, ES and RUT calls appeared to be early. I was looking for the time decay of the long weekend. In fact it won't matter much for Feb's expiration dates.
Grains tried to push up after a good export report. Corn and soybean stayed in yesterday's range. Wheat gave back a little gains and closed at low of the day. I had one risk reversal to bear call in corn and one lock profit in wheat from Mar 610 to April 610 2:1. It didn't make much sense to reduce 1 contract but further out a month for the same strike. I need more specific rules.
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