April Expiration
Today is the expiration of April options. Because I am on vacation this week I won’t dive deep into the profits, and one potential loss, for these positions until next week. However, most importantly, for today the “headline” is that you don’t need to act on any of our April positions.
Essentially, GOLD/CCJ/HP will likely expire for full profits, leaving you without a stock or option position Monday, while ON closed Wednesday super close to its strike price, and could go either way, and PSTG is likely to close below its strike price.
Big picture, should ON and PSTG close below their strike prices today, the calls we sold will expire worthless, and we will be left with the stock position Monday morning, at which point I will decide how to best manage those stock positions.
Until then, as I wrote above, you won’t need to act on any of these positions today