The Party Goes On

My plan:

Apparently the pop to new highs of yesterday was the news of Greece again. Greece announced it may reach a debt restructuring deal within a week. Overnight Asian markets popped up and followed by European market. Shanghai index was up 3% and DAX is up 1.8% at this writing. US indices futures reached 2134 after European open but sold off on a good housing start number with concern of Fed rate hike earlier than expected. My plan for today is to sell put on pull back in SPX/ES and RUT. I will hold off of selling SPX calls since I had sold some yesterday.

Grains gave back yesterday's gains overnight. Wheat is supported with low temperature news. I will work on exit my 2 wheat puts of May. Corn dropped further and I will not sell puts for now since the seasonal lows are in August and October. The raise of dollar is putting pressures on grains.

My execution:

It was a choppy session for SPX/ES. I couldn't tell which way the market is leaning toward. There was a weak low close. WE may see market explore both side before FOMC Minutes tomorrow. I only sold one ES June 5, 1900.

Grains pull back further today. My exit orders didn't get filled. I will try it again tomorrow.