DISPOSITION FOR FRIDAYâ€™S APRIL 2015 OPEN POSITIONS.
MCM APRIL 2015 PORTFOLIO # 1:
It looks like none of the remaining open positions in Portfolio #1 will be of concern, as all the OPEN positions are anywhere from $0.60 - $2.60 or more.
The issues that should expire worthless tomorrow are as follows: the call spreads in T. ANF, VECO, AEM, LL call spreads and the DAL put spread.
MCM APRIL 2015 PORTFOLIO # 2:
Eventhough GLD and HOG are $0.79 (HOG) & $0.93 (GLD) out of the money, we should keep an eye on them , just inc case they look to have run up a $1.00 or more
tomorrow, if they do not they should expire worthless tomorrow at the close.
In regards to the remaining open positions in this portfolio should expire worthless at the close tomorrow.
Positions that should expire worthless tomorrow which are call spreads are in: WMT, LVS, & NKE.
The call positions above are anywhere from $3.17 - $6.00 out of the money: WMT($5.25), LVS ($3.23) & NKE ( $3.17) out of the money.
Positions that should expire worthless tomorrow that are put spreads are in: DIS & AAPL .
The put positions above are anywhere from $3.01 (DIS)- $12.00 (AAPL) out of the money.
MCM APRIL 2015 PORTFOLIO # 3:
With the exception of BBRY and the MGM (put) spreads, we are going to have to close some or all of the following before the close of the market tomorrow.
Those issues are the MGM (calls), The JCP (calls) and the SLV (calls), more than likely we will just have to close out the short side as the long side will more
than likely expire worthless, but be on the look out with MGM and JCP as you might have to close both the long as well as the short side of those spreads.
X & ESV you will more than likely have to close out BOTH sides of the spread tomorrow before the close unless we get a sell off in X and/or ESV.
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).
MCM MAY 2015 plays should begin this weekend, look for a new format.