DISPOSITION FOR FRIDAYâ€™S March 2015 OPEN POSITIONS.
MCM March 2015 PORTFOLIO # 1:
It looks like the only position in Portfolio #1 we might any concern about is the JDSU March 14 call spread.
of JDSU March 14 call
which is about $0.17 out of the the money going into tomorrow's final day
of the March option cycle.
If and only if, JDSU looks to close above $14, would you will need to close out the Short JDSU March 14 call.
That is the only position that we should need to watch going into tomorrow's expiration Friday in Portfolio #1.
The other open positions in Portfolio #1 should all expire worthless at the close of tomorrow's market.
The issues that should expire worthless tomorrow are as follows: the call spreads in INTC, FCX, YHOO, CAM & GDX
The positions above are all from $1.00 - $6.00 out of the money.
MCM March 2015 PORTFOLIO # 2:
At times , which is often difficult to do, it looks like every position in this portfolio should expire worthless at the close tomorrow.
Positions that should expire worthless tomorrow which are call spreads are in: GLD, QCOM & CAT
The call positions above are anywhere from $4.48 - $7.50 out of the money.
Positions that should expire worthless tomorrow that are put spreads are in: DIS, AAPL & UTX.
The put positions above are anywhere from $2.69 - $9.91 out of the money.
MCM March 2014 PORTFOLIO # 3:
We will need to watch and potentially have to close out (1) position.That position is P :
P - We will probably need to close out the P March 16 call if P, which is $0.23 in the money, unless P looks to close below
Some of you may want to takje the wait and see approach and potentially close out the P Mardh 16 later in the day or at the close.
Some of you might want to just close out the position early, especially if we get a flat to down opening ( your choice).
However, be sure to close out the P March 16 before the close if it looks to close even $0.01 in the money.
If you to do not close out the P March 16 Call position and it closes above $16 you will be exercised and asked to deliver stock that you probably
do not have.
Positions that should expire worthless tomorrow which are all call spreads are spreads in: ESI, X, BBRY & SLV.
The open call short positions are anywhere from $0.56 - $1.89 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 hat you may not want (short put position).
The MCM April 2015 watch list and Portfolio will begin being posted after the close of the market on Friday, right after the March options come off of the board on this expiration Friday.