Options Expiration – January 2017

I had no options expire on Friday, but did find the time to open my new account with Interactive Brokers on Friday so I can get back to regular trading with a full balance again.

I mailed my check for the new account in Friday afternoon’s mail, so it should get to IB by tomorrow or Wednesday and then I’ll have access to the funds the first full week of February (after the required 10 day hold on checks).

The only position I have in my account is with Disney (DIS). I have 100 shares I’m long and with one covered call that’s out of the money. I might even roll my DIS covered call lower or just sell it when me new account is funded, just so I can start clean again. Since I’m not doing it today, I might just wait to see how DIS moves over the next couple of weeks. The way the market is moving, I might have timed it well to be in cash right now.

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