Option Investor
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SETTLEMENT FRIDAY

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THOUGHTS ON A Good Morning Folks,

Here are a few things to think about today. We've talked about them in the past, but it never hurts to review.

Friday Opening Settlement Numbers
It's not even 11 am (ET), so we don't know them yet. But, here are the symbols.
SPX settlement symbol is $SET
RUT settlement symbol is $RUT

The SPX number is normally available early in the afternoon. The RUT usually comes out later.

If You Have A Good Broker . . .
I like to trade on Fridays. It's nice to have money to work with. We can often get a little extra premium on our credit spreads. But, if your maintenance dollars are tied up on September positions, you are limited as to what you can do.

However, if you have a progressive broker (and you SHOULD if you're a serious trader), they will release your maintenance dollars when the settlement numbers are released -- if your options are expiring worthless (obviously). That's just one feature a good broker will offer to make your trading life easier.

Take care and trade smart!

Mike

P.S. In case you didn't read it last night, I'm putting on a CPTI seminar in Los Angeles on Dec. 2nd & 3rd. Contact me for information.


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