Daily Market Update – May 13, 2016




Daily Market Update – May 13, 2016 (7:30 AM)

The Week in Review will be posted by 10 PM tonight and the Weekend Update will be posted by Noon on Sunday.

The following trade outcomes are possible today:

Assignments:   none

Rollovers:   none

Expirations:   none

Yesterday’s early rollover of the in the money position of Marathon oil was done in the hopes that shares may get assigned today in advance of Monday’s ex-dividend date. However, even if not, the position may represent a good opportunity for serial rollover at this price level and with this kind of volatility, leading to the high premium.

The following were ex-dividend this week:   none

The following will be ex-dividend next week:  MRO (5/16 $0.05)

Trades, if any, will be attempted to be made prior to 3:30 PM EDT.