My plan:
Indices futures stayed in lower range of yesterday's day session. ES tested overnight high and failed. It looks like on the way to check the FOMC breakout area of 2060. The key is to watch if that area would hold. It didn't hold last month if I remember correctly. My plan is to sell puts, credit spread when it reach to 2065 for ES and 1250 for RUT. I should save some bp in case they break down further.
Grains have been in range but pull back a little. My plan is to wait out but add put to corn and calls to soybean with free margin if the conditions are right.
My execution:
Indices had big selling day (-1.5-2.3%) without any major news. FOMC breakout was fully tested and didn't hold well. I made 9 trades today. 2 close out and 7 new positions with 5 in RUT which was down 2.3%. I might have over traded. I still have more buying power in Etrade and Fidelity. SPX may give better opportunities after losing 1.46% today. However, it has not reached FIB 50% RT yet. I will try to sell some puts there, then Fib 61.8 and 78.6 at 2010 area.
Grains are still range bounded. I am letting wheat to expire at end of this week. No trade here today.
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