My plan and hypos:
ES stayed up overnight only to pull back to yesterday's upper range before open. It's back to the upper side of CHVA. RUT is back into its CLVA after hitting CHVA below yesterday. It may continue to fill in current CLVA.
My ES ranges are: Above: 2092, 2100, Below: 2073 and 2065;
RUT ranges are: Above 1219 gap fill and 1228 at upper CLVA; Below: 1202 and 1199;
I will try to close some calls on weakness and sell puts with available margin.
Grains are exploring directions after USDA shock yesterday. I will wait to see if we get a clear picture.
My execution:
ES hit my first down side target after open then bounced back. It didn't break above my upper target. RUT was weaker on both side and had a stronger sell off before closing. I didn't get any fill on either side. I closed some positions on both sides. It was a slow day overall.
Corn and wheat pushed up some but were not strong enough to change their trends. Today's export data was weak for most grains. I tried to sell some calls and rollover one Oct put. I didn't have any order filled. I will try again tomorrow.
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