Option Block 331: Maximizing Your IRA

Trading Block: It was a pretty slow day, with all major indices basically unchanged on the day. Expiration issues prompted many phone calls to the optionsXpress desk. Earnings aren’t running over premium sellers like the last time. Pit trading helped out the CME last week. HFT narrative still active in the market.

Odd Block: Big call buy in Wal-Mart Stores Inc., May call spread trades in Western Digital Corp. (WDC), put buying in Target Corp. (TGT), and closing out a huge position in Lloyds Bank of London (LYG).

Xpress Block: Frenzy about a shortened expiration week, particularly with indexes.

Mail Block: Listener questions drive the conversation.

• What to do with a losing position?
• Day trading commissions and tax implications.
• Maximizing a Roth IRA.