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Tuesday, April 8, 2008

Apr 8 Option Trades Update

The Nikkei fell 1.5% Tuesday. I have my eyes on the N225 May 10000 puts. I did a covered call play on UBS last Friday. Bought the stocks at $33.39 & sold the April 35 Call @ $1.00 for a called return of 7.8%, a 2 weeks play.

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