It's the day after FOMC and before options expiration Friday. I should be fully engaged and disciplined in this 2nd day of back in the game.
My plan:
ES retraced slightly overnight. It's within the current HVA of 2075-2110. My plan is to sell put on any meaningful pull back. I may consider selling RUT calls when it reaches top of BB weekly.
Grains mostly held yesterday's gains overnight. I will look for any retest of break out area to see if it will hold.
My execution:
ES pulled back to 2976, the edge of CHVA. There wasn't enough vol during the 15 points p/b. My ES/SPX bull puts orders were touched several times but not filled. My bad habit of moving the price is still persist. It's frustrating to see the orders slipped away and caused by me. Tomorrow is the quadruple witch options expiration day. We may see more erratic price movement, especially before noon. I will try to make some sales if it happens.
Grains tested their break out area and held so far. I added a bull put of June 450 for recovery. There is not much for me to do but wait for time decays.
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