It was first week in trading after accompanying Yinmore visitors for over 12 days. I missed some selling opportunities during my absence from the market. Indices started falling from highs with news of no debt agreement from Greek. Shanghai index also dropped 20% in the last two weeks. US indices market turned into a news driven market in the last few days. Greek's referendum on June 30th could be a catalyst for European and US markets. I entered some weekly 100 scalps at 2020-2000 which are underwater now. I will have to watch them closely and prepare to rollover if delta gets to 3.0 or at 2x of premium early next week.
Grains staged a major reversal in the last two days of the week. I rolled over my wheat June 550 two days before the expiration day. Wheat pinned 560 on Friday. I missed the last part of the pop. I am OK with it. I followed my plan and avoid holding my positions to the last day. I locked in about $2500 profit from my September wheat puts. Now some of my calls are underwater. I should recover partially if the seasonal holds true this year. Bad weather has been the major factor for this rally.
I should be cautious of selling more puts or calls next until Greek situation is clear. VIX is at 14 now. It could go up further. I will continue to focus on risk control and self discipline.
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