My plan:
Yesterday was Presidents Day. Futures market opened a half day and I had no trading actions. Greece debt negotiation is affecting the market with any news releases. Overnight futures dropped on Greece talk broken down and recovered on European econ data. ES, RUT are positioned to make new highs again. Would we see a sell off after a new high? It's possible but not likely happens immediately. My plan is to watch and manage my risks, especially on the bear call side. I should exit some threatened calls and recover from puts side or higher calls.
Grains moved up overnight, especially wheat has gained 9 points, 1.7%. I may add 1-2 cars from put side in wheat to make a bit recovery of sided contracts. Overall, my plan is still to reduce size and risk.
My execution:
SPX/RUT closed at new highs in a small range day. It looks like building energies for another push up. I closed this weeks' ES put and SPX call. Tried to close couple bear calls and spread but no fill.
Grains are getting volatile as the expiration near. They were pushed lower and recovered later in the session. I sold a Wheat April 500 put and reduced a May call size. Corn 400 call is near threatened. I will try to close it in next 2 days or roll over to next month.
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