After operating in a daze the past couple of weeks I happened to notice the date today and saw April options expire tomorrow. That got me to jump. I started looking at each of my expiring options (NDAQ, INTC, T, JPM and UCO) and making decisions on what to do. Here’s
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After operating in a daze the past couple of weeks I happened to notice the date today and saw April options expire tomorrow. That got me to jump. I started looking at each of my expiring options (NDAQ, INTC, T, JPM and UCO) and making decisions on what to do. Here’s how I’ve started and plan to proceed.
With all of these positions expiring worthless (assuming nothing insane happens on Friday), I’ll be less than 65% invested again and back on the trading path. The quandary I’m in is that although I’m feeling bullish I recognize that the markets have been on a long, barely broken run for the past couple of weeks and at some point we should get a small pull back. Most likely that’s going to point me to making moves like I’ve done with UCO where I enter my limit order and try to have some patience. I don’t think any pull back in the next month is going to be too great, so if my May options continue to work for me I’ll be able to keep rolling every other month without much risk.
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