Yesterday, I covered the DIOD short when it was obvious that the bounce was supported by large buyers. In such a case, I do not wait for the stop to be reached.
ADM continued to be under pressure.
The trade ideas for today are below. Difficult to increase the short side in a market that is at an all time high, but it is also difficult to buy a clearly overbought market.
Regarding the options trading strategy, for now the IWM/SPY ratio is slightly drifting down, but we need this ratio to reach extremes before buying puts or calls.