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Friday, October 21, 2011

Current Alcoa trade ends Code Orange

The current Alcoa trade ended this week with the stock closing at $10.20 and the Oct $12.00 call expiring worthless. Sell The Call still owns its shares and will look to sell another call. For the first time in Sell The Call's trading history, the next trade will also include a dividend payment. The market had a positive week. The European meeting starting on Sunday should set the focus

Sell The Call is looking to sell either the December $12.00 call or the January $12.50 call. The decision will be made once the December options are reported. The European meeting on Sunday should also help set the tone for Monday.

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