DISPOSITION FOR TODAY'S APRIL OPEN POSITIONS - TOMORROW IS GOOD FRIDAY - MARKETS ARE CLOSED.
MCM APRIL 2014 PORTFOLIO # 1:
Issues we will need to close out and act on in Portfolio #1:>.
TSI (puts) - Unless we get a $1.00 plus move tomorrow we will have
to close out the TSL 14/13 put spread. We are looking to close the spread for a $1.00 NET DEBIT.
regardless we will be closing this and all positions that are in the money today before the close as tomorrow is GOOD Friday and
of course, the market will be close due to exchange holiday, so this is the last day to trade any individual stock equity option.
The April 17 put is still out of the money and should be able to hold on today and expire worthless, however since
is the last trading day, be prepared to close ot the SUNE 17 put if SUNE looks to close below $17 at the close, otherwise you need do nothing .
P(calls) , TOL(calls), AMBA(calls) as well as TXT(puts), DAL(puts) and GM (puts) are all currently out of the money and
look to be safe and should expire today.
However always be prepared to close out any of these positions that might change and look to potentially closing in the money, besure to close them
before the close of the market TODAY.
REPEATING: There is no trading tomorrow this is technically the last trading day for the April series.
The issues above should expire worthless today and should need no action in Portfolio #1, unless a â€œMurphyâ€™s Lawâ€ transpires where you might need to close out a position.
These positions below are all from 1.40 â€“ 4 points out of the money and once again,should require no action and should expire worthless today.
MCM APRIL 2014 PORTFOLIO # 2:
Issues we will need to WATCH and may or may not have to act on in Portfolio #2:
the stock price is flirting between $79.90 - $80.25, since we have an $80 put, we
will need to watch this position carefully today, if it looks to close above $80 we need do nothing, however if it looks to close
below $80 we will need to close out the $80 put on STZ.
As of the email the STZ April 80 put was around $0.15 - $0.13, some of you may wish to close out this position for something around that price or put in a stop limit
if you want to see how the stock will trade out for the rest of the day and want to wait to see if STX closes above $80 at the close.
These issues below should expire worthless and should need no action in Portfolio #2, unless a â€œMurphyâ€™s Lawâ€ transpires where you might need to close out a position.
These positions below are all from 2 - 12 points plus out of the money and should require no action and should expire worthless TODAY at the close.
MCM APRIL 2014 PORTFOLIO # 3:
Issues we will need to close out and act on in Portfolio #3:>
we should be okay unless we get an unexpected rally in SYMC before the close, if nothing unusual happens the SYMC calls
should expire worthless today, but be prepared to act if SYMC looks to close in the money near the close.
Issues that should expire worthless tomorrow and should need no action in Portfolio #3, unless a â€œMurphyâ€™s Lawâ€ transpires where you might need to close out a position.
These positions below are all from $0.60 â€“ `$3.00 plus out of the money and should require no action and should expire worthless at the close of the market today(Thursday).
If any issue should look to close in the money, be sure to close out that position before the close
Of the market TODAY, if you do not and that option is even $0.01 in the money, you will
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 MAY 2014 watch list and Portfolio will begin being posted after the close of the market on TODAY right after the APRIL options come off of the board on this expiration Thursday.
REMINDER: GOOD FRIDAY is tomorrow and is a recognized exchange holiday, that is why the disposition is coming out during the trading day on Thursday ( today)
and not on Thursday night as usual.
Be sure to cure close any position out that looks to close in the money before the close of action and the market today.