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Thursday, December 6, 2007
Dec 6 Option Trades Update
I wrote additional N225 Feb 18000 call options for 30 points today as Asian Markets rose strongly. I also opened a Citibank covered call position .....bought the stock at $32.89 on Monday & sold the Jan 35 call for $1.4 for a call return of 10 plus % or uncalled return of 4.25%. Other than that, not much action here.
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