It’s Wednesday morning the 14th of January, option expiration is Friday. Looking at my account, it looks like Walmart, McDonalds, Verizon, and UPS will be put to me and Microsoft will be called away.
Options In The Money
The market is down over 2% at the open. We’ll see where it closes. McDonald’s and UPS are very near the strike so if Thursday and Friday are up days, the options could expire worthless. Any way, there won’t be much of a loss since they are close to the strike. Walmart is 5.4% away from the strike, near 52 with the strike at 55, and Verizon is about 4.5% (31) below the strike (32.5). not so bad.
This option series only Schlumberger and Phillip Morris options closed out before expiration.
It has been a good down week, so I placed an order to sell 6 South Korea ETF put options with a strike of 26 at 1.9 or better. Market is down nearly 4% at 11 AM and I have been filled.
2:25 PM the market is down 3% and I will be put Coke too. But maybe not. It is close to the strike.
After the close: Exxon Mobil is in the money, Coke is not. We’ll see what tomorrow brings.
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