My plan:
Indices futures held up well overnight. Greece may agree on a new deal which may boost the market. Fib's weekly target of 23.7% for ES is about 2140. I may cautiously sell some bear calls when meeting my entry rules.
Grains went down overnight following yesterday's sell of before closing. Corn moved into CLVA. Wheat broken last week's trend line. I am out of all of my grains for this month. I will double check my account to make sure I am covered.
My execution:
Indices had an inside day except NQ which I don't trade. ES/SPX stayed in breakout range but choppy. I sold a scalp of SPX 2030/2005 for 35x8. A call of 2220/40 for June 2. Get to be careful in case a big break up and next week's FOMC. I also sold a RUT 1080 naked put for June 3 on Karen's setup.
Grains fall sharply. I am so glad that my plan called to check any left positions. I totally forgot I had a corn 365 put left which was pinned today. I had to exit it for $50 this morning. A good habit and plan do save money. Corn closed at $364.5. My exit of the last wheat 540 bull put was correct yesterday. Wheat lost another 2.8% today. Wheat may make a new low of this year. I may start to prepare for risk reversal again.
No comments:
Post a Comment