Well, at least yesterday’s range was a dime– Be careful out there with your positions (sarcasm included). Today provides the potential for option expiration “creativity” but due to the lack of movement in the last two weeks, I would doubt any fireworks. I am more keen on watching the $2.58-$2.59 area with both the April and May contract. For the last two weeks, prices have not been able to break above and close above this zone — but the May contract has and continues to. Will the weakness continue and force the May to come back and close with April next week? A rhetorical question that bears watching– we certainly have expectations of what happens after the market’s decision.
