Trader Alert:
It's Wednesday afternoon on option expiration week. Those that know me know that I never am allowed to profit from any of my option or stock positions (but, like and idiot, I keep trying). So, I have a number of positions that will expire Friday. I will list the ranges or levels that these positions need to finish at in order for me to remain unprofitible. The universe has proven me to be 100% reliable at losing money. So, I give this information to everybody else in order for you to profit from my unreasonably bad luck. Here goes:
C has to close at $4.60 or lower.
SDS has to close below $22.35 looks likely
SLV has to close above $38.90 It's there now.
SPY closing at $131 is my most profitible level, so it has to be +/- at least $1. But if it's lower, the SDS position may become profitible, so the likely move on the SPY is substantially higher from here.
Good luck,
MF4
