My plan:
Futures bounced back from overnight low and stayed in yesterday's range. We may get a choppy day before tomorrow's NFP report. ES is still in current balance area. TF/RUT are at lower end of weekly balance area. I will trade only to strangles and iron condors today. I need to keep my powder dry for a possible volatile day tomorrow.
Grains held yesterday's gains overnight. I plan to rollover or reverse some of my May puts. I may also sell some corn puts since there is a decent low at 365 if I see premiums worth awhile.
My execution:
Indices pushed up most of the day with near 0.5% gains more or less. I followed my plan to sell some calls and call spreads forming some strangles and iron condors. If we get a blow up NFP report I will follow my plan to adjust my positions. I believe I have room to deal with either directions for now.
Corn and wheat gave back part of gains yesterday on a poor export report and gain of USD. My rollover order for wheat didn't get filled. I left it on for tomorrow. I will try to do more tomorrow if we get a pop.
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