A week of little to no movement is fucking awesome if you own short dated options.
I had a small pile of this weeks expiry’s in a handful of stocks that expired today. On the week I booked gains in $PI, $COH, $QLYS, $CYBR and $YELP. I also booked a monster in $DSX from $3-$6.
With the proceeds I’ve moved into $XON, $BLUE, $CLF, $AKS, $URA, and $JMEI this week. Tempted to grab an energy name before the day is over as well…$CRC.
Nobody wants to buy here in front of a long weekend with MOAB’s falling from the sky, so I am taking my chances.If you enjoy the content at iBankCoin, please follow us on Twitter