Disposition for tomorrow's expiring options.
The following positions are all between 10 - 20 points out of the money and
all should expire worthless:
Do, SHLS, X, SLB, RIMM.
The next group are all more than 2.5 - 9 points out of the money and they too
should expire worthless.
COF, ZION, BHP.
Issues that we will probably have to act on.
UNH - we will need to close out UNH tomorrow before the close
unless the stock pulls back and looks to close under $31.00, if not we must
close out during tomorrows action or at the latest with a market on close order
just before the bell. UNF is currently $0.50 in the money an over our $31 short
SHAW - is in a similar position where we will need to close out SHAW
tomorrow before the close unless it also pulls back and looks to close under $36.00, if not we must we need to close out the SHAW 36 short call during tomorrows action or at the latest with a market on close order just before the bell ends trading tomorrow. SHAW is currently $0.67 in the money an over our $36 short strike price.
In regards to any issue other issue that might look to close about any of our
short calls or below out short put positions, we will also need to close out.
However, the chances of us having to do that are very very small unless we have a major! major! market run up of the market tomorrow.
This is the last JUNE watch list report as tomorrow June options come off the board.
We will begin following our JULY portfolio after tomorrow's close as well as carrying out JULY portfolio in the PORTFOLIO section of the MCM newsletter.
We will also be looking to add a few new JULY positions this weekend.