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Options Portfolio Quick Update

Options expiration is next week. 3 of the 6 positions in the portfolio are expiring, so I will be posting a formal article updating the positions next week.

But before that, I am closing out one position. I am selling the $22.50 March calls on Molycorp (MCP) for $8.30. These calls were bought for $3.65, so that is a nice gain of $4.65, over 100% profit.

I could have held this position to expiration, but with the time decay over the weekend, I'll take the gain now, instead of risking gains.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: IQ