Choppy Friday? 5-1-15

My plan:

Futures held the closing pull back overnight. It looks like no follow through selling. ES is still in the its CHVA. RUT is in the next CHVA below. I may take a break from selling more puts today if there is no further down push. May consider to sell some calls to balance my positions.

Wheat held the neck line of IHS so far. A HS has formed to make the pattern bearish again. Corn is in a bear flag shape. I may play corn bear calls if it pops.

My execution:

It was almost an revenge day for ES/SPX. They took back all the loses from yesterday and closed at high of the day. It looks like a clear deck for next leg up type of action. I sold couple of later June call spreads which may be pre mature. On the other hand RUT only got back 0.65% from 2% lose of yesterday. It may have more down side to go. I sold couple of calls which looks safe for now.

Grains went down again. I placed an order to sell wheat Sept 380 puts for 2nd time but still no fill. I am waiting for the trend to turn.