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Friday, July 24, 2009

profit range reached


The second trade has reached past the strike price. There are eight weeks until expiration or assignment (September 18) so there is still plenty of time for the stock price to go back below the strike price. The option price is still carrying a high time value.

-As always, I do not fully divulge information on open trades. When the trade ends, I will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and I will answer them the best I can without endangering the trade.

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