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Monday, May 23, 2011

ZAGG trade closed Code Yellow!!!!

ZAGG closed the day at $9.00. The trade closed Code Yellow. This means that the trade closed above the cost basis but below the strike price. This close confirms that the stock has to close above the $9.00 strike price in order to be assigned away.

Sell The Call will now look to sell either the June $9.00 call or the July $10.00 call depending on price.
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