3/22 – 2:00 p.m. New York time
Two zombie positions expired today, on LOW and TGT. By “zombie” I mean very low premium options that are the remnants of a more complex structures. The low premium means they can’t be traded, so there they sit, tying up funds until the day of their departure arrives.
The entire positions on LOW and TGT produced losses. I have updated their analyses with results.
By Tim Bovee, Portland, Oregon, April 22, 2017