First Attempt Often Fail 3-24-15

My plan:

Indices futures stayed in range overnight despite China's PMI lower than expected. ES looks like ready to break yesterday's before open. There is a gap below Friday's low at 2083 and FOMC seen of crime at 2060 area for ES. ES 2007 and 2012 are upper target. My plan is to sell bull puts on weakness.

Grains are mixed bags. Corn and soybean held in yesterday's range, wheat filled yesterday's small gap overnight. Wheat is trading above 50SMA for the 3rd day. Corn is fighting to get cross it. My plan is the same as yesterday.

My execution:

Indices moved to the downside after testing overnight high. ES/SPX closed last Friday's gap before closing. I sold couple ES April 4 puts and one SPX. RUT held up well relative to the others. ES may test FOMC breakout area in next couple of days. I get to watch if it will hold for the test.

Grains were in range. No trade in this front today.