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Friday, October 14, 2011

1 week remaining on current Alcoa trade Code Orange

There is one week remaining on the current Alcoa trade. It is currently Code Orange. The stock closed at $10.26. That is a rise of $0.55 from last week. The Oct $12.00 call ask price closed at $0.02. That is a decline of $0.06 from last week.

Sell The Call expects to see the call expire worthless next Friday. The next option is to sell another $12.00 call with the time frame depending on what the price of the stock is when the trade is made.  As of right now, the November $12.00 call does not carry enough value. Sell The Call is currently looking at the December $12.00 call or the January $12.50 call.

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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.

- 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 Sell The Call 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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