This thread tracks real trades in one of my portfolios. Refer to backgrounder for more info.
Options expiration week is always interesting. There is a lot of money at stake and the big money is determined to have as many options expire worthless as possible. Real Money member, PCU, is a great example. It opened on Monday around $90 and was pounded all day closing at $86.50. On Tuesday, it floated back up to $89. Then around 2PM the pounding continued non-stop. The stock closed the day where it started at $86.50. It closed on Friday at $85.09. Surprisingly it closed over $85, but there was no way in the world that it was going to close over $90. The games people play.
For the week the Real Money portfolio was down -1.4% v. +1.1% for the S&P 500. There were a few changes in the portfolio, so let’s take a look.