REVISED Action for Tomorrow. for CRK and CYN

Issues of concern:

REVISION: CRK an CYN the prices for tomorrow should have been limit order prices NOT STOP LIMITS.

Please read revised comments below.

CRK - is in the money by $0.09, we might have had an opportunity to close outt oday for $0.30, but that may or may not be a blessing in disguise.
We are looking to close out the position for $0.20 ( if possible ), so let's put in a limit at $0.20.

This way if we gap down will have a chance to close out the position, but if we gap up on the open, we can take a look at where we need to close out the position, if it is necessary. With the price of $40.09, this issue could go either way, with both sides fighting the $40 strike price tomorrow.
If we need make any adjustments you will get an email before the close.
Finally in regards to CRK, if it closes below $40.00 we need to do nothing. However, please remember you must close out the CRK short 40 call if the issue looks like it is going to close above $40. You can put in a market on close if you are not going to be able to watch tomorrow for any updated emails. Just remember, no matter what if CRK is going to close above $40 you must close out the position BEFORE the close. Once again, if you are not going to be near your computer, you can achieve the close out with a MARKET ON CLOSE order.

CYN - closed at $40.35 today, considering the $0.35 of intrinsic value and the one day time premium tomorrow let's put in a limit at $0.55 and hope we open lower and that will act as our buffer, if we get a lower open we could get closed out. If we gap open and it looks like we might not be able to get a close at the maximum $0.55 with our STOP Limit, you will be advised by email if we gap open or need to close out the position early. Remember we also have a put spread on with a strike of $40. So we are going to have to close one of the two sides out tomorrow as there is only a very small possibility that the close could end up exactly at $40. So be prepared to close one of the two sides. The call side if over $40 near the end of the close if we have not been stopped out at $0.55 or close out the put side if CYN looks to close under $40, but only if CYN looks to close under $40. Remember the put side is $0.35 out of the money and the call side is $0.35 in the money.