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Tuesday, February 20, 2007

February Trades Review


STLD got called out on Feb 16 as the stock continues its climb up strongly. Additonal gains were made on the stock as OTM calls were written. This is just great! Feb Options on DELL, CSCO, NVDA expired worthless. As the prices of these stocks has fallen below their initial purchase price, additional calls will be written & note that the stocks will never be sold for a loss. In addition, to maintain the monthly income stream of 3%-6%, Mar ER2 655 puts were written.