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Wednesday, March 18, 2009

Straddle No Longer

I closed out my call side of the straddle position today. I got in at $1.90 and got out at $2.95. The QQQQ's are currently trading above the 5, 20 and 50 day moving average, however I am a bit leery going into options Friday, which is why I locked in some profit. A downturn will allow me to benefit from my put position, thus increasing my overall trade profit.

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