My plan:
Indices held at a lower range of last Friday overnight. It looks like there are more room to the downside test. I have only $18K margin left in IB before open. I will have to close couple of positions to bring it up and not adding new trade in for now. I will trade Etrade and other accounts to sell ETFs.
Grains popped overnight but retesting lows after open. There may be another leg down or bottoming in process if seasonal trend is a reference. My plan is the same as it has been for last week.
My execution:
ES/SPX tested new low of 1973, a CLVN this morning and met with buyers. It reversed back to last Friday's high of 2017. If it close higher tomorrow then we will have a confirmed bottom. I set up several bull put in RUT this morning but no fill. I sold one set of SPY Feb 3 209 bear call on early pop. It got filled later afternoon which I forgot all about it. I will have to watch it closely since it got pushed through from 26-34. My available margin is back to $30K thanks to QCOM's near 4.5% pop and a close of IWM bull put at 1c.
Grains staged a pop in early session. All three of them crossed last Friday's high but failed to hold any gains at the end. I closed 1 ZS bull put of 890 to release some margin. No other trades today.
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