My plan:
Indices futures are holding at upper side of yesterday's profile. ES has a 13 points range from 2093-2106. ES tested the seen of crime from NFP of Friday. It got rejected. ES is likely to push up from here. The upper side target for today is 2113 if the overnight high is broken. 2095 is CVPOC and 2085-82 is my lower target. I will sell puts if we break overnight low.
Wheat and corn stayed in yesterday's range overnight. The price actions of next few day's would tell me the direction of the grains. The figures from yesterday's WASDE are bearish. But you never know how market will interpret these numbers. I will try to roll wheat May 500 puts if the wheat pushes up again. I would consider to sell corn calls between 7-9 with a down seasonal trend.
My execution:
ES broke overnight high in the first hr of trading but couldn't hold above it. It ended broken overnight low in the afternoon. It's rare that both sides of overnight got breached. It was a choppy day overall. My contract quota got increased at S-5 from 6-10. It gives me a little more flexibility to trade ES in Karen's style. I sold one June 4 1850 put today. Also sold 6 RUT June 4 1080/60 bull spread. I looked at a wrong weekly prices so the fill was quick. It still consider as an error.
Corn and wheat shown some strength today. Both were sold off early but recovered most of it before closing. I didn't spent much time on grains today. I will try it tomorrow.
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