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DISPOSITION FOR FRIDAY’S FEBRUARY OPEN POSITIONS.

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MCM February 2014 PORTFOLIO # 1:
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Issues we will need to close out and act on in Portfolio #1:>

LULU Feb 50 Call - Is $1.14 in the money and will more than likely have to be closed before the market closes tomorrow. If you must close the LULU Feb 50 Call, besure to see if is it worth your while economically to close out the LULU FEB 52.5 long call for any credit if it is worth it after commissions.

FAST 46 Put - is $0.46 in the money and might have to be closed unless we get a run up of $0.46 tomorrow that would allow us to let the FAST 46 put to expire worthless, with that said if FAST can not close above $46 and if we should get a gap up, you might want to close out for a few cents less. However the stock could gap down and potentially force us to close the FAST 46 put at a higher amount. Only tomorrow will tell. Play your exit accordingly to your risk profile.

TSL 15 CALL -is only $0.16 in the money, you can either close out for a few cents, if we should gap down or try to hold unto until later in the session and decide if you need to close need market session end. If we get a break and TSL should look to close under $15 we would need do nothing. remember if TSL 15 Call should look to close even a penny in the money over $15, we will need to close the TSL 15 Call out or face an exercise of stock you probably do not own.

Issues we will need to watch and may or may not have to act on in Portfolio #1:>

YHOO Feb 38 Call- $0.21 out of the money, will watch and wait and only act if YHOO looks to close above $38, if not you need do nothing as the YHOO Feb 38 would expire worthless with close of YHOO under $38.

SHLD Feb 42 Call -The same holds true for SHLD ( which is $0.85 out of the money). We watch and hold and only close out if SHLD should look to close over $42 near the close.

Issues that should expire worthless tomorrow and should need no action in Portfolio #1, unless a “Murphy’s Law” transpires where you might need to close out a position.

ALL the five (5) positions below should require no action tomorrow and should all expire worthless at the close.

FE Feb 33 Call -

CIEN FEb 21 Put -

DAL Feb 30 Put -

TSL Feb 14 Put -

FAST Feb 47 Call

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MCM February 2014 PORTFOLIO # 2:

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Issues we will need to close out and act on in Portfolio #2:>

SPLK Feb 85/87.5 call spread - We will probably have to close out nearly 2.40 - $2.50 maximum DEBIT for the spread to close. I would look to close at any spread on a pullback early, if we are lucky enough to get one, if not look to close for the $2.40 - $2.50 NET DEBIT above.

STZ Feb 77.5/80 call spread - will also have to be closed out for near the maximum NET debit, unless we get extraordinarily get lucky and STZ closes below 77.5, then we would have the decision to close out either the STZ FEb 77.5 put or the STZ 77.5 Call. ( which would be better than having to close out the STZ call spread for nearly the $2.40 - $2.50 maximum. Anyway be prepared to close the spread out on the call side most likely before the close.

NKE FEB 75 call - Is currently $0.58 in the money and depending on Friday's fate on could close in,out or at the money. However, with pre-market futures pointing to a up opening it looks like we will be forced to close out the NKE Feb 75 call for somewhere around $0.50 - $0.60, or you can wait until later in the day and hopefully close out the NKE FEb 75 for a little less, or nothing if you get lucky, or have to close out for a little bit less if you decide to wait and NKE goes up in price. Tomorrow will tell.

Issues we will need to WATCH and may or may not have to act on in Portfolio #2:>

AXP Feb 90(calls) - $0.99 out of the money. We hold to the close.

SCTY Feb 80(calls) -$4.48, normally not a problem, but this stock is volatile and a $5 move is not out of the realm of possibility. However, we will still hold to the close.

TIF Feb 90 (calls) -$0.56 out of the money, again, we hold till the market closes and only if TIF looks to close above $90 do we act.

Issues that should expire worthless tomorrow and should need no action in Portfolio #1, unless a “Murphy’s Law” transpires where you might need to close out a position.

All 4 positions should expire tomorrow at the close.Br>

SPLK Feb 72.50(puts) -

AXP Feb 87.50(puts)

SCTY Feb 60 Put(puts) -

SCTY Feb 80(calls) -

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MCM February 2014 PORTFOLIO # 3:

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Issues we will need to close out and act on in Portfolio #3:>

AMED Feb 16 Call -We have a $1.00 STOP on the AMED Feb 16 calls, hopefully we we have cover to close it will be for a little less as AMED stock is $0.66. More than we will have to close the short call, before the close unless we get a $0.66 sell off. Which I am not counting on. Be prepared to close out this position early on a retreat or hold to close near the end of the trading session tomorrow.

BYD Feb 10 Call - - Is in the same position as AMED and hence we will more than likely have to be prepared to close this one out either on a retreat, stop or market on close near the end of the session, unless of course BYD closes below $10, one again, not likely. Be prepared to act accordingly.

CRUS FEb 18 Call -THe same holds true for CRUS, close on pullback, we stopped out or most likely close at price near $0.50 - $0.60. We will see tomorrow.

Issues we will need to close out and act on in Portfolio #3:>

VHC Feb 20 Call - Normally, this one would have a BUY stop placed on it, but Friday is the last day and VHC Feb 20 Call is still out of the money, but by only a mere $0.03, so we watch and wait or close out depending on the opening, the preference here would be to play it down to the end, unless your risk tolerance says otherwise. Remember a close under $20 means you need do nothing and the option will expire, a close over $20 means you must close out the VHC FEB 20 before the close. Your call.

Issues that should expire worthless tomorrow and should need no action in Portfolio #3, unless a “Murphy’s Law” transpires where you might need to close out a position.

JCP Feb 8 Call - JCP Penny Feb 9 call over 2.35 out of the money, is should expire worthless.

VVUS Feb 10 Call - This option is $3.14 out of the money. It too should expire worthless tomorrow.

CAVEAT:

If any issue should look to close in the money, be sure to close out that position before the close Of the market on Friday, if you do not and that option is even $0.01 in the money, you will be Either have stock called away that you do not have ( short a call position) or get assigned stock that you may not want (short put position).

The MCM March watch list and Portfolio will begin being posted after the close of the market on Friday right after the February options come off of the board on this expiration Friday.