Thursday, June 25, 2015

News Driven Market 6-24-15

I am back on the saddle after touring three southern states for the Sugarcane project. Monday and yesterday were inactive as market was topping and waiting for Greece debt deal. The news from Greece was negative today and market tanked near 1%. I was able to sell some puts to fill up late July and early August positions. ES/SPX and RUT are back into CLVA and we may see some fill in the areas. However, it's a Greece news driven market for now. Anything can happen. I shall be more conservative tomorrow.

Grains pushed up again but fall back before closing. I was able to close my last wheat 550 contracts with a smaller loss. I am set for now. I will be more actively manage my positions in wheat to lock in profit and reduce risk.


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