As we near expiration on the Noodles & Company (NDLS) November 22.50 calls, consider selling to close the position now. As of 10 am EST, I show a last trade of $1.70. Close it out.
Consider selling to close half of the VXX December 36 put, as well. Volatility is decreasing as expected.
Just last week, you had the opportunity to profit from the long side of volatility, and walk with gains of up to 23% and 158% on the VXX December 33 calls. Now, you have the opportunity to profit from the short side of volatility.
Also, consider selling to close the Harley Davidson (HOG) January 2015 60 calls for a max gain of 86%. As of 10 am EST, I show a last trade of $4.70. Close it out. I’d rather not risk this gain to a potential pullback from here.
Hold all other open positions…