My plan:
May job reported 280K new jobs v.s. expected 220K. The better number caused a small sell off below yesterday's low. ES is still in its CHVA. Today's ES ranges are: highs at 2099, 2105 and 2109, lows at 2088, 2085 and 2080. RUT' ranges are 1256 to 1243, then 1241. We may see a choppy day after yesterday's sell off. It's Friday and traders may want to digest the job data anyway. I may sell some puts for later July but be conservative. We have not had a meaningful correct so far in 2015.
Grains fall down on USD's move up after the job report. I will analyze my wheat positions. I may close or roll June puts out to September.
My execution:
Indices didn't go too far on each side. The retest overnight low was met with buyers. But buyers couldn't carry the ball too far either. So it was a range bound day. I didn't have many order got filled. Sold a RUT June 5, 1140 spreads to form an Iron condor. One thing I noticed that I let too many of my positions expire worthless. I should have instead to close them and redeploy the fund for another opportunity without trying to save a few bucks.
Wheat and corn tried to push up but gave back all the gains at the end. The sentiment is still not clear. I will have to start rollover early next week as I have guests come again by mid of the week.
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