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Saturday, September 17, 2011

Current Alcoa trade ends Code Yellow, 5.2% gain

The current Alcoa trade ended yesterday Code Yellow. The stock finish below the $12.00 strike price at $11.97. The Sep $12.00 call expired worthless. Sell The Call still owns its shares. Sell The Call will go back into the options market and sell either the October $12.00 or $13.00 call.

The trade ended with a gain of 5.2% in a time of 5 weeks.  

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- 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. Sell The Call takes no responsibility for any losses or gains that occur from trades using its material.

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