COF looks to close in the money tomorrow , so be sure if you decide to wait, that you close out this position if COF looks to close above $82.50
near the close tomorrow.
If you do not close out COF 82.50 Call and the stock closes over $82.50 and in the money, you will have stock called away that you might not have.
All seven (6) of the other issues in portfolio #2 should expire worthless as all are anywhere from $1.69 to over $6.25 dollars out of the money.
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 (6) Put positions should expire tomorrow at the close, as well as the one call spread in IBM.Br>
Those seven (7) spreads that should expire tomorrow in Portfolio #2 are listed below:
DIS September Put spread
RHT September Put spread
MRK September Put spread.
PG September Put spread
IBM September Put spread
AAPL September Put spread
IBM September Call spread
- should be okay unless we get a $1.25 or more move in IBM tomorrow.
If not the IBM iron condor consisting of the call and put should expire worthless.
MCM September 2014 PORTFOLIO # 3:
CSX and SEA call spreads are currently both in the money, CSX by $1.39 and SEAS call spread by $0.54.
We will probably have to close out the CSX 31/32.5 call spread tomorrow ( we may also see if it it makes economics to close out the 32.5 as well
when we close out our CSX 31 call.
You can look for a dip early in the session tomorrow of just close the position anytime during the trading session tomorrow.
Besure to close either of these short positions that might look to close in the money before the close of the market tomorrow.
If you do not and either or both end up in the money you will have stock called away from you that you probably do not own.
Additionally, all six (6) of the remaining issues in the MCM September 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.
Those six (6) issues are listed below.
SLV September Call spread.
NE September Call spread.
OSTK September Call spread.
WLT September Call spread.
SEA September Put spread.
SUNE September Put spread.
FRIENDLY 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 October 2014 watch list and Portfolio will begin being posted after the close of the market on Friday right after the September options come off of the
board on this expiration Friday.