My plan:
Indices futures stayed in a small range within yesterday's upper part. The four hour charts of ES and TF looks like B band squeeze down formation. But they are in the CHVA and could be choppy. Bulls and bears could have another fight. Fed Yellen will speak at 3:45 this afternoon right before market closing. It could provide some firework. I plan to sell puts in ES, SPX, on on balance for RUT. Watch for margin levels.
Grains are in range on this expiration day. I will just be a watcher for today.
My execution:
Indices traded in a 10 point small range within yesterday's small range. Yellen's speech didn't produce any strong reaction. I had 1 RUT May 3, 1330 call filled. ES closed at HOD but still outside of Thursday's range. It may explore the CLVA of 2050-80 or drop down to 2020 early next week.
Grains closed firm. No other trade except a expired wheat call.
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