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FINAL MCM December 2013 Disposition of open positions for Friday's expiration.

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Portfolio #1:

The position(s) that will need to be addressed and potentially closed tomorrow.

CLF(calls).

CLF(calls) -The CLF(call) spread is part of an iron butterfly on the December 24 strike price.
The CLF December 24 call is $0.87 in the money(call) with the CLF December 24 call the same distance out of the money.

Going into tomorrow's December expiration, one of the sides will have to be closed out.

That side looks to be the CLF December 24 call.

If that is the case we will need to close out the CLF December 24 call either at the opening , Hopefully on a pullback, or later in the day before the close of the market tomorrow.

If you close the CLF December 24 call tomorrow, near the end of the day, than the CLF December 24 put will expire worthless.

Positions that are out of the money, but on the watch list that you MIGHT have to deal with tomorrow.

NO CURRENT POSITIONS.

Positions that are out of the money.

These positions should require no action and should expire worthless tomorrow.

RYL(puts), LEN(puts), VLO(puts), K0 (puts), HIG (puts), CLF (puts) and AAL(LCC)(puts)

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Portfolio #2:

Positions that are IN-THE-MONEY that will need to be addressed and potentially closed tomorrow.

NO POSITIONS currently

Positions that are out of the money, but on the watch list that you MIGHT have to deal with tomorrow.

NO POSITIONS currently
.

All of the remaining open call spread positions in Portfolio #2 (CREE (calls), PRU (put), DIS (puts), QCOM(puts), TRN(puts). JPM(puts) and the LVS (puts) )are all anywhere from 1.50 - 12 points out of the money and should all expire worthless tomorrow, unless an unforeseeable event should transpire with any of them.

That would be called "Murphy's Law".

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Portfolio #3:

Positions that are IN-THE-MONEY that will need to be addressed and potentially closed tomorrow.

NO POSITIONS currently

Positions that are out of the money, but on the watch list that you MIGHT have to deal with tomorrow.
NO POSITIONS currently
.

All of the remaining open call spread positions in Portfolio #3

SLV(calls), CRUS(calls), WLT(calls), VVUS(calls), BBRY(calls) and SUNE(puts) are all from $0.68 - $2.00 OUT-OF-THE-MONEY and because this is the least volatile of our portfolios, these spreads should all expire worthless.

EXPIRATION CAVEAT REMINDER:

As usual, if for any reason any of these issues look to close in the money before the close tomorrow, if they are not closed out and are even just $0.01 in the money they will be assigned, meaning, if you have short puts, you could have stock put to you that you probably do not want and if you are short calls you could have stock called away from you that you probably do not have.

We will be adding several more positions for the January expiration in the three (3) portfolios this weekend.

We will begin following the MCM January 2014 portfolio positions in the watch list starting Friday after tomorrow's December option positions go off the board.

We will begin the posting of The MCM January 2014 watch list and portfolio will after tomorrow's close.