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Saturday, November 6, 2010

2 Weeks in EDMC trade

There are two weeks left in the Education Management Corp. trade. They released their previous quarter's earnings.

The stock has moved up to $13.37. The stock will now have to lose $3.37 in the next 10 trading days in order to get down to the strike price.

The November 10 call time value is gone as far as the bid is concerned. There is still $0.40 time value left in the ask.

- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.

- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!

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