| Option Position |
| AAPL 20MAR2015 97.5 P-2 |
| GOOGL 20MAR2015 495 P5 |
| GOOGL 20MAR2015 500 P-5 |
| TXRH 20MAR2015 35 P-1 |
| V 20MAR2015 63.75 P20 |
| V 20MAR2015 65 P-20 |
I'm not too worried about my top three options that are expiring on March 20, 2015. I will let them expire worthless. Yes, that's the term we option traders use.
As for Visa, I want to close out my position for March 20, 2015 in case of a downside. But Visa split 4:1 today. Instead of having 5 contracts for my bull put spread, now I have 20 contracts. This means my commission will be quadrupled and eat into my profits. So I am going to let it ride out. Really hoping V will stay above $65 per share by end of tomorrow.
If all goes according to plan, I stand to gain a net of $971.65 in realized profits.
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