Daily Market Update – May 16, 2014 (9:00 AM)
The Week in Review will be posted by 6 PM and the Weekend Update will be posted by noon on Sunday.
The possible outcomes for today include:
Rollovers: RIG, SBUX
Expirations: BMY, CY, FAST, FCX, FDO, GM, LLY, MET, SBUX, TXN
With the large price drops of the past two days my preference is to allow expiration on many positions rather than incur the expense of rollover trades when premiums are low using entry level strike proces. The next week may warrant DOH trades unless market strength appears to be likely.
Trades, if any, will be attempted to be made prior to 3:30 PM EDT