1/7 Lookahead

The January options expire next week, and it's time to start looking at how to unravel those positions. That's one task that I'm setting myself on Thursday.

In expiration week, the final day of trading is on Friday, and practically speaking, things need to be closed out by Wednesday at the latest. It can be very hard to make a market in an option that's about to disappear in a puff of profit or loss.

Economic reports on Thursday:

• 830ae (530ap) Weekly jobless claims
• 1030ae (730ap) Natural gas inventories