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Friday, December 11, 2009

5 weeks to go.....

The stock is back under the strike price; but still above the purchase price. This makes the the call out of the money. The premium of the call is shrinking since there is only time value involved. There are five weeks or 23 trading days left until expiration (January 18.)

- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account 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 the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

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