My plan:
ES recovered partially trading around 2105 from yesterday's low after European market open. Greece is still on focus. It could go either way depending on any news from Greece debt negotiation. The low of yesterday is not likely complete in the first of sell off. RUT appears has more room to the down side to its CLVA. I will try to sell some calls if there is a good news pop or push to retest yesterday's break down area. I will also close some mature positions.
Grains moved up overnight. Wheat and corn appear to pin 525-530 and 370-380 area on tomorrow's expiration. I will try to lock in some wheat profit of my Sept positions.
My execution:
Indices fall after the announcement there was no deal reached between Greece government and its creditors. ES fall into CHVA of 2097 area. The next low would be 2068 area if no news or bad news continues. I made an add on of scalp at 2015, it went in too early. I also entered couple small scalps in my small account before cash closing at 2000 level. The traditional Sell in May may be playing out in later June and July. RUT didn't drop much at all. It closed in yesterday's low. Is it a divergence? Let's see what may play out tomorrow.
Wheat and corn pushed up again on the day before option expiration. I locked in one Sept put of 460. I will try again tomorrow if wheat pins upward.
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