DISPOSITION FOR FRIDAYâ€™S JULY OPEN POSITIONS.
MCM JULY 2014 PORTFOLIO # 1:
Issues we will more than likely need to close out and act on in Portfolio #1:>
DAL JULY 37 Put - closed $0.43 in the money after world tensions caused sell late Thursday
If DAL should show a little upward movement tomorrow on the opening you might choose to close the
position early in the session if you do not wish to hold it until later in the day.
No matter, what if DAL looks to close below 37 at the close, you will have to act and close out the DAL JULY 37 put
before the close of business tomorrow. Of course if the stock should close above 37 and you wait you might have to to do
nothing, but we will need an upwsing in DAL tomorrow.
GPS JULY 40 Put- closed $0.46 in the money. If GPS looks to close in the money
the GPS JULY 40 Put would need to be closed before the close on Friday.
If GPS should look to open up early tomorrow you might decide to close out the position early before the close.
Issues that should expire worthless tomorrow and should need no action in Portfolio #1, unless a â€œMurphyâ€™s Lawâ€ transpires where you might need to close out a position.
ALL the five(5) remaining call positions should require no action tomorrow and should all expire worthless at the close.
CLL JULY 38/39 Call spread
VOD JULY 34/35 Call spread
HFC JULY 45.50/46/50 Call spread
LULU JULY 42/5/45.50 Call spread
WFM July 44/46 Call spread
All three (3) remaining put positions should also expire and require no action.
TCK 22/21 Put spread.
SBGI 26/25 Put spread.
EBAY 47/46 Put spread.
MCM JULY 2014 PORTFOLIO # 2:
Issues that we will definitely have to close out or act on in Portfolio #2:
CELG 85 Put - is $1.87 in the money after a $2.92 sell off today, due in part mostly to the international incidents in Ukraine and Israel.
Because of Thursday late sell off we will probably have to close out the CELG 85 put tomorrow.
If we get a bounce you might choose to close out early in the session tomorrow or if you are a more of
a risk taker you could hold the position until later in the trading session on Friday.
Anyway, if CELG looks to close below 85 you will have to close out the CELG 85 call before the close tomorrow.
Position(s) that is(are) out of the money, but if we get a price increase might force us to act.
TGT July 60 Call - is $0.28 out of the money, but unless we get a bounce back from today's debacle
the TGT July 60 should expire worthless.
Please Remember: If any stock looks to close in the money against our short position. We must close it out before the
close on Friday or we could be assigned stock or have stock we might not own called away.
Issues that should expire worthless tomorrow and should need no action in Portfolio #2, unless a â€œMurphyâ€™s Lawâ€ transpires where you might need to close out a position.
All five (5) Put positions should expire tomorrow at the close.Br>
LVS July 67.5/65 Put spread
CBS June 55/52.5 Put spread(puts)
GILD June 77.50/75 Put spread -
DIS June 80/77.5 Put spread -
GLD July 124/121 Put spread
MCM JULY 2014 PORTFOLIO # 3:
The three (3) issues that remain in the MCM JULY Portfolio #3 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.
TBIX 19/21 July Call spread.
WLT 6 July Call spread.
RGN July Call spread.
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 August 2014 watch list and Portfolio will begin being posted after the close of the market on Friday right after the July options come off of the
board on this expiration Friday.