Friday, July 31, 2015

Friday Again 7-31-15

My plan:

Indices futures broke yesterday's high during Euro session and higher before open on news of slower growth. Looks like a small gap up at open. My ranges for today are: ES, 2109, 2115 above and 2100 and 2096 below. RUT moved into its CHVA of 1230 to 1247. My ranges for it are 1230, 1226 below and 1238, 1243 above. I will try to sell puts on any meaningful pull back and light on the call side.

Corn and wheat are showing a light sign of revival. I may try to sell on call side. Both may be forming a round bottom if plays out.

My execution:

A choppy session as expected with a push down in the afternoon. I sold a call in the morning and a put in the afternoon. Had hard time to exit positions with small premiums left.

Corn and wheat chopped around. No trade were filled.

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