If all goes well our short positions that are open should all expire today.
LM - which is our only issue on the MARCH RECOMMENDATION that still needs to be watched, eventhough it looks to have good support from this level down to $125, especially since we just have 5 hours left to expiration and with stood the initial assault at $125 from the secondary.
APRIL RECOMMENDATION UPDATE - TOL stopped out
Unfortunately TOL, spurred by a very upbeat report on the economy and the outlook of interest rate hikes leveling off, spurted up and right through our WATCH list price and STOPPED OUT our TOL-DG (SHORT APR 35 CALL ) out at $1.80 DEBIT. A contingency order to SELL to CLOSE our Long TOL-DH position should have been triggered and executed. We were able to get $0.25 CREDIT for the sell to close our long side position of (TOL-DH - April 40 Call)
Our closed out TOL position is summed up as follows:
Summation: BUY TO CLOSE TOL-DG for a DEBIT of $1.80
SELL TO CLOSE TOL-DH for a CREDIT of $0.25 = NET DEBIT $1.55
We will be adding the remainder of our APRIL RECOMMENDATIONS after the MARCH expirations today. Look for several of them this weekend and the remainder next week