My plan:
Indices held up well overnight. European and Asian market are up following yesterday's reversal here. There is no major news release today. ES is back in upper side of balance area again in weekly and daily. Today it could explore both sides. My plan is to sell puts far out of money and time. Stay with 5% PITM rules.
Grains are under pressure as US dollar moving up. I may try to reduce corn and reverse wheat.
My execution:
ES/SPX retested last week's high of 2082/2090 respectively. They got sold off in the last hour of trading. RUT is a similar story. We may see the retest of crime scene from Monday's break out at least. I sold two SPX Mar 3, 4, 1860, 1830 naked puts near end of the day. Closed couple of RUT and ES April puts.
Grains were choppy to the down side. I didn't have any trade in this front.
No comments:
Post a Comment