Monday, February 9, 2015

Choppy Markets 2-9-15

My plan:

I woke up later this morning. I didn't write down my plan.

My execution:

I took stop loss of SPY Feb 3 209 call this morning as planed. I have Feb 4 calls and puts to cover the losses. My Feb 2 RUT call and put got closed, so as SPY Puts for Feb 2 and 3. Feels good with adequate margin level. Many of my sell puts orders didn't get filled even during the afternoon sell off. I convince myself that I would have other opportunities to sell them at the price I want since most of my orders are 30 days out. I need to remember to conduct my morning plan even when I am late. It feels like shooting from the hip without planning.

Grains moved up a notch across the board. There was only one exit order filled in wheat. I sold one July 490 bull put for 1675 to collect some premiums.  I plan to roll it with 30-50% profit to void the seasonal down turn in July.

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