DISPOSITION FOR FRIDAYâ€™S OCTOBER 2014 OPEN POSITIONS.
MCM OCTOBER 2014 PORTFOLIO # 1:
Unless some unforeseen event should happen to the upside of this market tomorrow, all of the open
positions in Portfolio #1 should expire worthless.
Positions that should expire worthless tomorrow are call spreads in: LULU, HPQ, DO, WFM, NEM.
These positions above are anywhere from $0.78 - $6.80 out of the money.
MCM OCTOBER 2014 PORTFOLIO # 2:
DE (calls) - The DE 85 calls will require you to keep an eye on, as they are only $0.68 out of the
money. If DE looks to close above $85 you will have to close out the DE October 85 calls tomorrow before
the market closes. However, if DE looks to close below $85 you need do nothing and the DE October 85 would
AAPL (puts) - The AAPL October 95 puts seems to be in very little danger, however just keep an eye on
them to be sure the AAPL October 95 put does not close below 95, of you will have to take action to close
the position, However with the stock being more than $1.26 out of the money we should be okay. But once
again in the early morning on Thursday the stock did flirt with the $95 price, but never broke it.
Keep an eye on AAPL just to be on the safe side and besure if the stock should close below $95 you
close out the position, and if not the position will expire worthless tomorrow at the close.
Positions that should expire worthless tomorrow are call spreads in: DIS, IBM, MCD, JOY, GLD, GRMN.
These positions above are anywhere from $2.39 - $17.76 out of the money.
MCM OCTOBER 2014 PORTFOLIO # 3:
MPEL (calls) - The MPEL October 25.50 calls are $0.39 out of the money
with the close of MPEL at $25.11 today.
This should be the only position that you will need to watch during the session tomorrow.
If MPEL can hold below $25.50 tomorrow, no action will be necessary.
Only if MPEL looks to close above $25.50, will you need to act to close out the position before the
Positions that should expire worthless tomorrow are call spreads in: NVDA, GDX, KBH, T.
These positions above are anywhere from $1.86 - $4.14 out of the money.
IMPORTANT CAVEAT WARNING:
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 NOVEMBER 2014 watch list and Portfolio will begin being posted after the close of the market on Friday,
right after the OCTOBER options come off of the board on this expiration Friday.