My plan:
Indices held up overnight. ES stocked at the LVA of 2112-2123 range. We could see it chop around this area or push up to challenge the double tops of 2132 on Greek or other news. My plan is to sell puts on pull back to 2112 area for ES/SPX. RUT is in a similar pattern of filling in CLVA pattern. The range is 1243 to 1251. RUT is likely to move into its HVA and CPOC of 1256 area. I will sell put spread on pull back into 1250 area.
Wheat and corn held in yesterday's range. They are in the lower parts of their current CHVA. I missed the opportunity to rollover my wheat puts when wheat was trading around 5.2-5.3. I plan to wait out this pull back.
My execution:
It was an inside day for indices. SPX and RUT filled in their CLVA as expected. But the closings were strong near high of the day. I sold a SPX June 4 1920 put to form a strangle. Also sold a June 1 SPX V scalp on 100 P/1 wk.
Wheat is still in a bear flag. It may have one more leg down at least. Corn tried to recover at the low of CHVA of 3.48. Both of them had a double bottom. Let's see if they will hold by tomorrow.
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