My plan:
Indices followed up from yesterday's closing. ES is moving towards the mid of current balance area of 2038. It should tell us the bottom is completed if we close firmly up today. I will sell bull puts in Indices ETFs on hourly pull backs and sell bear calls to make strangles using 4 hr BB bands.
Grains made another try to pull up overnight. Let's see if we can close higher. My plan is the same as last week.
My execution:
ES/SPX never came back to close the gap. ES only touched o/n high then met with buyers. I sold some RUT bear calls as RUT moved more than SPX. Most of my credit spread are Iron condor now. Made one mistake again: forgot to put minus sign. sold a RUT credit spreads without at $0. It's my third time now. Need to get into a habit of double check my orders.
Grains had a surge today. Corn and wheat popped more than 4%. Soybean was up 30 points too on South America harvest delay news. I closed a sb bull put and added a wheat May 490 bull put for $1575. It looks like the seasonal is playing out. I will stick to my plan and check my contract deficits from last Fall.
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