Thursday, February 16, 2012


Hi Folks,

Tomorrow is the last day for trading the February monthly options. Monthly options expire the 3rd Saturday of each month and since there is no trading on Saturday's, Friday is the last day to trade them. These are different from the weekly options. They come out the Thursday before the next week for trading. So the weekly options that expire next Friday came out today.

I am holding a short position overnight. I but SPY 135 puts at an average of .20 and yes they expire tomorrow. Not a great trade so far. We will see how the market looks in the morning.

Thanks and Good Trading,


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