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Stock is now up 5.9 points to 84.00

 

April 80 calls are now 9.80

Should we sell 500 now around 10.50ish (if it gets there) and if stock goes higher sell 500 more at 12ish

 

My thoughts are that if stock retreats to 75-78 we can buy back at 5.50 – 6.50 and make 4 points x 100,000 = 400,000

 

Please do remember that if stock goes much higher you will lose stock at 80.00 however you would have received 10 + points from April option and 10 point from March option so your actual selling price would be around 100.

 

Please advise.