Apple, Amazon, Pandora: Feeling Pain At Options Expiration?
By Rocco Pendola:I've written a bit about maximum pain on Seeking Alpha. In fact, I had the most fun writing a two-part series last year that focused on Apple (AAPL).
Digging Deeper: Clustering And Maximum Pain In The Options Market
Digging Deeper: Options Expert Discusses Pinning, Max Pain And Apple (Part Two)
Come options expiration day this month (March 17), I could be feeling some pain in the $100,000 portfolio, but it's not related to the theory of maximum pain. In several instances, I might have to deal with option contracts I am short getting exercised. Before I dig into that, here's a review of where things stand, as of March 7, from Robert Weinstein's Paid2Trade Website: Open Trades
- AAPL January 2014 $600 call. On-paper profit: $3,934. Position value: $7,214
- NFLX January 2013 $130 puts. On-paper profit: $2,050. Position value: $19,800.
- 250 shares of AMZN at $184.52. On-paper loss: $205.50. Position value:
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